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Can Global PMIs Keep Risk Appetite Going?
Next will have a complicated start. The US will have a shortened trading session on Monday, and then be closed on Tuesday for Independence Day. Canada Day is on Monday, as well. Many traders will take Monday off as part of an extended weekend, leaving the market with limited liquidity. Meanwhile, a series of important data will come out through Monday’s truncated session. Key among them is the release of global manufacturing PMIs, which are often seen as a barometer of economic sentiment. They can substantially change the risk-on or risk-off mood of the markets. On the other hand, retail traders tend to be more ... (full story)
