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    US reports manufacturing PMI and ISM, construction spending and auto sales - BBH Sandeep Kanihama

    Research Team at BBH, suggests that the North American session is busy as the US reports manufacturing PMI and ISM, construction spending and auto sales. Key Quotes“The US economy appears to be rebounding smartly in Q2.  However, the data is unlikely to alter views of the state of economy or the outlook for Fed policy.  Yesterday, the Fed's Bullard stood by his expectation for a rate hike this year, though indicated some concern about falling inflation expectations. Next week's jobs data will be more significant than today's data in shaping expectations.  The early call is for a gain of almost 200k net new jobs.  The Fed’s Mester speaks at the European Economics and Financial Centre.”


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