US PMIs will be due out at 9:45 am ET
The US economic calendar is light today but there's one significant highlight. The Markit US PMIs for the US will be released shortly after the equity open at 9:45 am ET.
The flash estimate for the services PMI is expected to slip to 64.8 from 64.6 in June. Within that data, I'll be carefully looking at orders, employment and pricing pressures.
I expect less of an impact from the manufacturing PMI but it's expected to dip to 62.0 from 62.1.
