Global manufacturing PMIs mixed
National manufacturing surveys around the world were mixed on Friday.
The US purchasing managers' index from IHS Markit fell to 56.4 from 56.6, where it had been expected to remain, while the later ISM survey improved to 58.7 from 57.3, much better than the 58.1 consensus forecast.
China's Caixin PMI remained at 51.1, versus 51.0 expected.
Across Europe, Germany's PMI crept up to 56.9 from 56.8, better than the no-change reading expected; Italy fell to 52.7 from 53.5, falling short of the 52.9 consensus estimate; while Spain's dropped to 53.4 from 54.4, versus 53.9 expected.
All in all for the eurozone PMI it remained unchanged at 55.5 as forecast.
The UK PMI increased to 54.4 in May from the 53.9 17-month low a month before, ahead of the 53.5 estimate.