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Eurozone: Focus on PMI data – Danske Bank

FXStreet (Delhi) – Research Team at Danske Bank, suggest that today’s focus will be on the release of euro area PMIs.

Key Quotes

“So far, the manufacturing PMI seems broadly unaffected by the weakness in emerging markets, even though we have had a couple of months with falling financial sentiment indicators (Sentix and ZEW).”

“In line with the financial sentiment we expect a decline in the manufacturing PMI, which would also be consistent with the lower order-inventory balance and the recent weak German data.”

“The German PMIs should decrease the most as the Volkswagen exhaust scandal is likely to add to the negative sentiment, whereas the French PMIs are set to be less affected as suggested by the recent improvement in French business surveys.”

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