In terms of data (full details below), euro area flash composite PMIs to edge down in June are looked to 53.4 (consensus: 53.5), due to lower services confidence (consensus: 53.6), while manufacturing PMI should inch up to 52.4 (consensus: 52.2).
Wednesday's German IFO business climate index is likely to moderate slightly in June to 108.0 from 108.5, but remain well above recent lows of 103.6 in October last year, says Barclays.
Commentary
PMIs probably dominate EA state heads summit
In terms of data (full details below), euro area flash composite PMIs to edge down in June are looked to 53.4 (consensus: 53.5), due to lower services confidence (consensus: 53.6), while manufacturing PMI should inch up …
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