TREE NEWS reports: Investors are watching a heavy data slate on Monday, with eurozone September services PMI final readings due from France, Germany and the bloc, plus August PPI. In the US, the September S&P Global services PMI final and the ISM non-manufacturing index are scheduled for release. Several ECB officials, including chief economist Philip Lane, are also set to speak.
Daily Preview: Eurozone, US Services PMIs and ISM Non-Manufacturing in Focus
Services activity is the piece of this slate that matters most, since it speaks to whether demand is holding up in the two blocs that drive global risk appetite. The ECB speakers, Lane included, matter because the data lands alongside policy messaging, and any divergence between the PMI prints and the official ISM reading will shape how much weight markets give each survey. Whether the eurozone and US readings move in the same direction is the open question.
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