Market movers for the week ahead – Deutsche Bank
|Outside the results of my scan, today is the biggest day in a quiet week for data and the highlight will be the flash February PMIs with manufacturing, services and composite readings due in Europe and the US, according to analysts at Deutsche Bank.
Key Quotes
“As a reminder, the January manufacturing reading for the Euro area came in at an impressive 59.6, albeit slightly down from the highs above 60 in December and November last year. The consensus is for another small pullback to 59.2, while the composite is expected to edge down to a still solid 58.4 from 58.8.”
“Outside of this, we also see the monthly UK employment release with eyes on wages as the BoE gets closer to their next hike. UK data and/or BoE hawkishness has caused global yields to sell off sharply a couple of times in recent months so the release will be important.”
“Finally FOMC minutes from the January meeting (Yellen’s last) will be out tonight but it will be outdated news given it occurred before the higher AHE’s and CPI/PPI prints and before the market sell-off.”
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