Markets cautious ahead of PMI data

Markets cautious ahead of PMI data

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Flash PMI data for the Eurozone and the UK is due today and will provide investors with further clues re the economic recovery. Following the data release a press conference with Christine Lagarde, ECB President, will also be widely monitored.

UK retail sales rose sharply in April as restrictions were eased. Data released earlier today by the Office for National Statistics showed a jump of 9.2% last month, much more than forecasted.

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