Overnight, Prime Minister Rish Sunak reminded the country that he is still in the race by overcoming his rival Keir Starmer in the first election debate.
A post-debate YouGov poll found Sunak to be the better performer by 51-49%, as he went on the attack and strengthened the Conservatives message to the people. Starmer did not appear to appreciate the format and was somewhat flustered by Sunak’s strategy of pressuring Labour for details on its solutions to the country’s number of issues.
Looking ahead to the next day, the US non-manufacturing ISM for May will be the primary data focus. It is predicted that the index will return to expanding territory, increasing to 50.8 from 49.4. Producer price inflation for April is expected throughout the Eurozone.
For the remainder of the week the European Central Bank’s decision on Thursday is all but certain to be the first major central bank to cut interest rates as it shrugs off a rise in inflation and takes a different path in monetary policy from the UK and US.
Markets and ECB officials are highly confident that the central bank will lower its benchmark deposit rate by 25 basis points from a record high of four percent tomorrow. Combined with Friday’s US job report, these are the main highlights, However, keep an eye on polls, as volatility may increase if the outcome is less certain.