Market Comment | Cautious markets ahead of this week's events

Negative data in the US. The Dallas Fed manufacturing activity index plunged unexpectedly in May (to -20.8 points from -13.9; consensus: -8.0) while the Chicago purchasing managers’ index also dropped unexpectedly (to 49.3 from 50.4; consensus: 50.5). Moreover, the consumer confidence index declined, against estimates of an increase (by 2.1 points to 92.6; consensus: 96.1). […]

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