Europe: Focus on PMIs today – TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities point out that in the Europe, flash PMIs for April are released in and will be a key event.

Key Quotes

“For the German Manufacturing PMI, lagged Asian data point to continued spillovers and thus yet another deterioration in the series to 43.1 (mkt: 45.0), still in sharp contraction territory. We note a growing divergence between the industrial sector in Germany vs the rest of the euro area. A resurgence in the "gillets jaunes" protests in France likely held the Services PMI there unchanged at 49.1 (mkt: 49.8).”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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