Friday preview: UK, euro area services sector PMIs in focus
With US financial markets closed at the end of the week in observance of the 4 July holiday, the spotlight will be firmly on the results of services sector survey results on both sides of the Channel.
Consensus is for IHS Markit's services sector Purchasing Managers' Index for June to be revised up marginally from a preliminary reading of 47.0 to 47.1.
Across the Channel meanwhile, the comparable PMI from the same survey compiler is expected to be unchanged at 47.3, although traders may be hoping for better as lockdown measures across the bloc continued to be lifted throughout the week.
Friday 03 July
INTERIM DIVIDEND PAYMENT DATE
AVI Global Trust , Ferrexpo, Grainger
QUARTERLY PAYMENT DATE
Blackrock North American Income Trust
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Balance of Trade (GER) (07:00)
Crude Oil Inventories (US) (15:30)
Current Account (GER) (07:00)
Industrial Production (GER) (07:00)
PMI Composite (EU) (09:00)
PMI Composite (GER) (08:55)
PMI Services (EU) (09:00)
PMI Services (GER) (08:55)
FINALS
Fuller Smith & Turner
AGMS
Calculus VCT , Capital Gearing Trust, Marks & Spencer Group
UK ECONOMIC ANNOUNCEMENTS
GFK Consumer Confidence (00:01)
PMI Services (09:30)
FINAL DIVIDEND PAYMENT DATE
Downing Strategic Micro-Cap Investment Trust Red, JTC, Judges Scientific, Phoenix Spree Deutschland Limited Shs NPV , Tesco, Witan Pacific Inv Trust