The US & Europe headline a surprisingly busy Monday for markets.

Later tonight, Europe is releasing a host of data that will help give markets an indication of the strength of the manufacturing sector. This data includes: Swiss, Italian & Spanish Manufacturing PMI’s, European, German & French Final Manufacturing PMI’s, Swiss Retail Sales, European PPI, European Unemployment and Italian Monthly Unemployment Rate. As already mentioned, the Manufacturing PMI’s will be the figures that markets will be looking at most. This is because manufacturing is such an integral part of the European economy. Strength in the manufacturing sector aide in the European economic recovery. Manufacturers will be keenly awaiting the outcome of Brexit negotiations as new trade deals will need to be struck between the EU & UK.

Later tonight and in the early hours of tomorrow morning, the US will be publishing several figures. Among the list is: Final Manufacturing PMI, ISM Manufacturing PMI, ISM Manufacturing Prices, Construction Spending and Total Vehicle Sales. As with Europe, the manufacturing data is the data that will be of most interest to markets. Manufacturing is crucial to the US economy and its economic recovery. Manufacturing has been a maligned sector as it has become increasingly uncompetitive due to cheaper manufacturing abroad. However, President Trump has vowed to revive the manufacturing sector, so it will be interesting to see if signs of a recovery are starting to permeate throughout the sector. Meanwhile, Fed Reserve Member, William Dudley, is due to speak.

Elsewhere around the world, the UK is releasing vital Manufacturing PMI data, Australia is reporting its Commodity Prices data, New Zealand is announcing NZIER Business Confidence figure and Canada is releasing Manufacturing PMI & BoC Business Outlook Survey.