German GDP and IFO survey in focus today - Rabobank
|Analysts at Rabobank point out that today we will see final German Q1 GDP, and then provisional May PMIs across the EU and will be a key economic release for today’s session.
Key Quotes
“The consensus is the European figure will remain below 50 for manufacturing but edge up slightly (48.1) while services will also tick higher to a healthier 53.”
“We also have the key German IFO survey, which is seen broadly unchanged from last month. The ECB also releases the minutes from its April meeting.”
“In the US we also have the Markit PMI surveys, with manufacturing seen 52.7, mostly the same as in April, and services up at 53.4. New home sales follow, seen partially reversing March’s 4.5% m/m jump at -2.5%.”
“Additionally, we hear from the Fed’s Kaplan, Daly, Bostic, and Barkin.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.