Market preview: Key economic data on deck for July 24

Investors await a busy Thursday with flash PMI data across the Eurozone (composite expected at 50.8, services at 50.6, manufacturing at 49.7) and Germany’s GfK sentiment (seen at -19.4). Spain’s unemployment rate is forecast to improve to 10.6%. In the U.S., weekly jobless claims (expected 227K), new home sales (649K), and PMI readings will be in focus, alongside gas storage and the Chicago Fed’s CFNAI index. Japan’s manufacturing PMI is expected to edge up to 50.2.