Tuesday preview: Global manufacturing and services surveys in focus

The market spotlight on Tuesday will be on a raft of closely-followed activity surveys for manufacturing and services around the world, with those for the Eurozone and the UK expected to show a sharp improvement in June as lockdown measures have been eased.

In the case of the former, economists at Barclays expect a big upward surprise with euro area services expected to have moved back into growth territory.

Consensus if forecasting that IHS Markit's euro area services Purchasing Managers' Index, which is scheduled for release at 0900 BST, will rebound from a reading of 30.5 for May to 40.5 in June.

But Barclays anticipates a recovery to 51.0, which will also suffice to push the composite PMI, which tracks both manufacturing and services, from 31.9 to 50.9.

Comparable PMIs for the UK are due out a half hour later and the median forecast from the consensus is for an improvement in the manufacturing gauge from 40.7 to 45.0 and in that for services from 29.0 to 37.5.

Stateside meanwhile, surveys for factory and tertiary activity are also expected, alongside a reading for new home sales in May.

Tuesday 23 June

INTERIMS

Tricorn Group, Velocity Composites

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

New Homes Sales (US) (15:00)

U. of Michigan Confidence (US) (15:00)

FINALS

Cranswick, Gear4music (Holdings), Naked Wines, Scapa Group, Trackwise Designs

DRILLING REPORT

Trifast

AGMS

Anglo Asian Mining, CEPS, Cora Gold Limited (DI), EPE Special Opportunities Limited (DI), Golden Prospect Precious Metals Ltd., Henderson High Income Trust, Hill & Smith Holdings, Integrated Diagnostics Holdings, Merchants Trust, Microsaic Systems, North Atlantic Smaller Companies Inv Trust, Oxford Biomedica, Panther Securities, PJSC Lukoil ADR, Smart Metering Systems, US Solar Fund

TRADING ANNOUNCEMENTS

NCC Group

FINAL DIVIDEND PAYMENT DATE

Holders Technology