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Fundamental Afternoon Wrap: You don´t know what you´ve got till EUR gone

Europe has come thundering back into analyst thoughts this afternoon with an almighty crescendo of focus and consideration. This morning´s below expected PMI readings highlights that while the situation is not great, it is slowly improving for Germany, the engine of the region, while fellow core economy France is starting to contract and weigh on the region. Meanwhile, last nights FOMC minutes are also in the spotlight still, with some analysts believing that the non voting status of dissenters is the key take away while others feel that the minutes are signalling a slow shift in US monetary policy.
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