What are the main events for today?

The main highlights today include the Flash PMIs for the major economies and lots of central bank speakers. The data shouldn't have much of an impact as the markets remain focused on the tariff related news.

We had some fresh Trump's comments late yesterday where he basically folded across the board and to me that shows that from now on, the positive news will "trump" the negative ones as markets will look forward to more de-escalation and so on.

Here are the forecasts for the PMIs:

• France Manufacturing PMI: 48.0 expected vs. 48.5 prior.
• France Services PMI: 47.6 expected vs. 47.9 prior.
• Germany Manufacturing PMI: 47.6 expected vs. 48.3 prior.
• Germany Services PMI: 50.2 expected vs. 50.9 prior.
• Eurozone Manufacturing PMI: 47.5 expected vs. 48.6 prior.
• Eurozone Services PMI: 50.5 expected vs. 51.0 prior.
• UK Manufacturing PMI: 44.0 expected vs. 44.9 prior.
• UK Services PMI: 51.5 expected vs. 52.5 prior.
• US Manufacturing PMI: 49.1 expected vs. 50.2 prior.
• US Services PMI: 52.5 expected vs. 54.4 prior

Central bank speakers:

• 06:00 GMT/02:00 ET - BoE's Bailey (neutral - voter)
• 06:00 GMT/02:00 ET - ECB's Knot (neutral - voter)
• 06:00 GMT/02:00 ET - ECB's Lane (neutral - voter)
• 10:30 GMT/06:30 ET - BoE's Pill (neutral - voter)
• 13:00 GMT/09:00 ET - Fed's Goolsbee (neutral - voter)
• 13:35 GMT/09:35 ET - Fed's Waller (dove - voter)
• 16:30 GMT/12:30 ET - BoE's Bailey (neutral - voter)
• 18:00 GMT/14:00 ET - BoE's Breeden (neutral - voter)
• 22:30 GMT/18:30 ET - Fed's Hammack (hawk - non voter)