Market movers ahead
• We expect the ISM manufacturing index and the employment report to show improvement in the US economy and the US labour market.
• We do not expect any significant policy changes at the monetary policy meetings of the Bank of England and European Central Bank next week.
• German factory orders and industrial production are also likely to attract some attention.
• We expect manufacturing PMIs in Sweden and Norway to indicate some improvement in these economies.
• We expect the currency reserve figures in Denmark to show that Nationalbanken did not need to intervene to support the DKK in May.
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Danske Bank