Eurozone: Focus on August flash PMIs and ECB Minutes - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities suggest that for data today we have the August flash PMIs and will be a key economic release for today’s session.

Key Quotes

“We think there's scope for a further pullback in the French services PMI as last month's World Cup-induced boost dissipates; we look for a small decline from 54.9 to 54.7 (mkt 55.0). For Germany we look for more upside though, as sentiment on trade improves after the Trump-Juncker deal was struck; we look for the manufacturing PMI to rise from 56.9 to 57.2 (mkt 56.5).”

“Later today we also get the minutes from the July ECB meeting. Given that the meeting was a very quiet one, and basically just a summer placeholder, we don't expect much market reaction.”

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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