Last Friday, IHS Markit released the preliminary PMI data for four major economies. Below are the key points from the individual reports.
United States
Services sector slowed down to a 5-month low pace due to labour shortages.
Manufacturing sector expanded at record high pace.
Prices of goods and services remained steep as firms pass on the high costs to...
The euro has started the week in positive territory. In the North American session, EUR/USD is trading at 1.2220, up 0.32%.
Monday is a national holiday across much of Europe, and there are no economic releases out of the eurozone. Still, the euro is showing some strength and has punched into 1.22-territory.
German data will be in focus on Tuesday. The...