Market movers ahead

Danske Bank Markets:

In the US, we expect a rebound in key non-defence durable goods orders ex. aircraft. US Markit PMI remains at an elevated level and we expect a correction. 

Euro area PMIs are expected to increase signalling stronger economic activity. 

Greece likely to remain in the spotlight at the upcoming Eurogroup meeting. 

In the UK, minutes from the MPC's April meeting is released. We will look for comments on sterling, wage growth and core inflation. 

In China, it is still too early to call the bottom for China's manufacturing PMI. 

In Sweden, we expect another lacklustre outcome from the labour force survey.