Danske Bank analysts point out that PMI services from around the world and US ISM non-manufacturing are due out today.

“In particular, the US ISM non-manufacturing index will be interesting given the sharp fall in the ISM manufacturing index, which caused a repricing by the Fed. ISM non-manufacturing has been robust so far but the risk is the manufacturing recession spreads to the service sector. Also look out for the ISM non-manufacturing employment sub-index ahead of US non-farm payrolls tomorrow. We also have a range of FOMC members speaking, where hints of whether the Fed will ease again later this month or not remain key for market sentiment.”