PMI data in focus in European trading today ...Middle East

In the equities space, the mood music is more tepid as well so far today with US futures lightly changed. That comes after Wall Street once again continues to run higher, though the bids tend to only come when we get to US trading. So, that's not giving much to work with for now.

If anything else, the only action we might get on the session again will be in the likes of gold after the scale higher above $3,700 yesterday. That before we get to US PMI data and then Fed chair Powell's speech later in the day. As a reminder, the entire week is going to be flooded with Fedspeak as noted here.

This article was written by Justin Low at investinglive.com.

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