Economic Data Calls For June 5, 2017

Here’s what we are looking for in Monday’s economic reports (June 5, 2017).

1. AU PMI Services (19:30 NY Time) -- Bearish AUD -- Potential for downside surprise given Sharp drop in PMI Mfg.

2. CH Caixin PMI Services and Composite PMI (21:45 NY Time) -- No Trade -- Chinese data is hard to predict but will be very market moving

3. UK Services and Composite PMI (4:30 NY Time) -- Bearish GBP -- Potential for downside surprise given drop in PMI Mfg. but rise in GfK

4. US Services PMI, Composite PMI, ISM Non-Manufacturing Composite, Factory and Durable Goods Orders (9:45 and 10:00 NY Time) – No Trade -- Drop in NFP’s offset by sharp rise in ISM Manufacturing