Friday preview: All eyes on release of economic data

A batch of economic data out in the US, the UK and Europe will steal headlines Friday.

A batch of economic data out in the US, the UK and Europe will steal headlines Friday.

In the US, the Chicago purchasing manager's index (PMI) will be released for May. The PMI slumped to a three-and-a-half year low of 49 in April, down from 42.4 in March. A figure below 50 signals contraction.

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