London (UKX) +0.2% UK’s manufacturing PMI rises to 51.20 points in May
Germany (DAX:IND) +0.7% Germany’s May manufacturing PMI rises to 45.40, highest in four months
France (CAC:IND) +0.4% France manufacturing PMI rises to 46.40 points in May
The HCOB Italy manufacturing PMI, however, fell to 45.6 in May, falling short of the market estimates of 48.0.
The pan-European Stoxx 600 (STOXX) edged higher +0.5% on Monday following largely positive regional manufacturing activity data, while investors also braced for a key interest rate decision from the European Central Bank later in the week. In Asia, investors were also reacting to positive economic indicators from China.
Coming up in the session: Canada, U.S. manufacturing data awaited later in the day.
In the bond market, the U.S. 10-year Treasury yield down 4 basis points to 4.47%.
Germany’s 10-year yield was down 2 basis points to 2.63%.
U.K.’s 10-year yield was down 3 basis points to 4.29%.
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