Friday preview: China services PMI due; US markets closed for Independence Day.
Friday looks set to be a quiet end to the week, with no FTSE 350 corporate releases scheduled and US markets closed for Independence Day.
Source: Sharecast
On the macro front, the China RatingDog services PMI for June will be released. Earlier in the week, figures from the National Bureau of Statistics showed that China’s manufacturing sector grew more than expected in June.
The official manufacturing purchasing managers’ index rose to 50.3 from 50.0 in May, coming in a touch ahead of market expectations for a reading of 50.1. A reading above 50.0 indicates expansion, while a reading below signals contraction.
The non-manufacturing PMI, which covers construction and services activity, ticked up to 50.2 in June from 50.1 in May. Economists had been expecting a dip back into contraction territory at 49.9.
The HCOB eurozone PMI for June and the S&P Global UK PMI are also due on Friday.
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