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Monday’s news theme was purchasing manager surveys. On Wednesday, the theme is the same, only the target has changed, as we now switch from Monday’s focus on manufacturing to the much larger services sector. The European session will see the release of May’s UK Services PMI number, followed by ISM’s Non-Manufacturing Index more than five hours later. Euro zone retail sales, the latest US employment figures from ADP report, and the EIA’s weekly oil inventories report round out a news-packed trading day.
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