UK PMI amongst market movers today – Danske Bank

Analysts at Danske Bank suggest that today is the big Markit PMI service day with releases across Europe and in the US.

Key Quotes

“From a market perspective, the release in the UK is among the most important: we expect the service index - which is a key gauge for overall economic growth - to be broadly unchanged at 53.8.”

“Even if the ADP jobs report in the US has been a poor indicator for non-farm payrolls (due tomorrow), markets will follow today's release for any clues as to tomorrow's direction.”