Eurozone: Disappointing PMIs - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities note that this morning's flash PMIs for July were pretty disappointing overall for Eurozone, especially for the manufacturing sector.

Key Quotes

“The French manufacturing PMI fell from 51.9 to 50.0, and the German figure from 45.0 to 43.1. This leaves the overall EZ manufacturing index at its lowest level since 2012, and will have markets looking at higher odds of ECB action as soon as tomorrow.”

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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