Here is what you need to know on Monday, June 3: Following the previous week's choppy action, financial markets remain subdued on the first trading day of June. S&P Global will release revisions toMay Manufacturing PMI data for Germany, the Eurozone, the UK and the US on Monday. Later in the session, the ISM Manufacturing PMI report will be featured in the US economic docket, alongside Construction Spending data for April.
GBP/USD failed to make a decisive move in either directionin the previous week. The pair fluctuates in a narrow channel slightly below 1.2750 early Monday. Bank of Japan Executive Director Takashi Kato said on Monday that the BoJ has no plans to immediately unload its exchange traded funds holdings. USD/JPY ignored thosecomments and was last seen trading flat on the day near 157.30. The data from China showed that Caixin Manufacturing PMI edged higher to 51.7 in May from 51.4 in April.