Italy May services PMI 53.1 vs 53.0 expected

Latest data released by Markit/ADACI - 5 June 2018

  • Prior 52.6
  • Composite PMI 52.9 vs 52.8 expected
  • Prior 52.9

A slight beat relative to estimates, but the composite reading stays flat compared to April's print. If anything, at least it doesn't continue to trend further downwards. A minor data point.

EUR/USD now at 1.1694, EUR/GBP at 0.8780, EUR/CHF at 1.1553 - all ranging narrowly on the day still.

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