The Flow Show - Thursday 21th May 2026 - PMI's poop

It looks like the stock building that produced positive PMIs last month has hit the wall. France had a stinker and the rest weren't much better. As we've been saying, this is the mess central banks like the ECB want to hike into.
The risk see-saw has tilted once again but the market isn't jumping in with both feet. USD buying might have stalled but it will need big news to really reverse.
Join us LIVE everyday at 10.30 UK time for The Flow Show, where we cut through the news and moves from the Asia and early European sessions, and plan for trading the day ahead.
Bringing you the latest market news, views and trading moves!
The Flow Show aims to bring you the latest updates from the Asia and European sessions. We'll also talk about what's driving markets and how the intraday and longer-term themes may have changed. We aim to teach and cut through the jargon surrounding the fundamentals, as well as talking about trading dos and don'ts. Most importantly, we want your input, so have your questions ready.