UK and European manufacturing PMIs amongst market movers – Danske Bank

Analysts at Danske Bank suggest that today we get PMI manufacturing data for December across countries and regions and will be amongst market movers for today’s session.

Key Quotes

“In the UK, we expect the index to rise to 58.8, as the equivalent euro area index also rose in December (although it is more volatile). While growth in the service sector has slowed, manufacturing production growth has increased, supported by the global uptick in manufacturing.”

“We have a quite interesting week ahead of us with the release of (among other things) FOMC minutes from December, Danish FX reserves data, PMI services and US jobs report.”

“In Sweden and Norway it is also time for PMI data. Both the Norwegian and the Swedish PMI are expected to stay well-above the 50-threshold line for expansion. In Sweden a 63 outcome is expected (last 63.3). In Norway there is no consensus (last 57.1).”