Euroland: Very weak PMIhttp://www.fxstreet.com/fundamental/economic-indicators/euroland-very-weak-pmi/Fundamental Analysishttp://www.fxstreet.com/fundamental/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7Euroland: Very weak PMI should spur ECB to cut rates dramaticallyhttp://www.fxstreet.com/fundamental/economic-indicators/euroland-very-weak-pmi/2008-11-21.htmlOverview: Yet again, flash PMI for Euroland fell unexpectedly sharply from the previous all time low, and our below-consensus estimate proved too optimistic. This is clearly worrying - the composite PMI is now signalling close to -0.4% growth q/q (-1.6% annualised). It is clear that Euroland is facing a recession that will last well into 2009.Fri, 21 Nov 2008 15:17:09 GMThttp://www.fxstreet.com/fundamental/economic-indicators/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/economic-indicators/euroland-very-weak-pmi/2008-11-21.html