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EZ PMI's under spotlight - TDS

FXStreet (Guatemala) - Analysts at TD Securities noted that October PMIs (2-4 Nov).

Key Quotes:

"PMIs are out next week through much of Europe. We expect the Swedish and Norwegian manufacturing PMIs to both decline, with the Swedish manufacturing PMI falling 0.9 to 52.4 (consensus: 54.0), while the Norwegian manufacturing PMI reverses last month’s surprising bump up, falling 2.4 to 44.9 (consensus: 46.5). Final readings for Germany, France, and the euro area should largely repeat the preliminary figures released earlier in the month."

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US: Strong and sustained consumption growth going forward – Wells Fargo

Eugenio Alemán and Michael Brown, economists at Wells Fargo, analyzed the Personal Income and Personal Spending report and pointed toward the weak performance in wage and salaries as the most important factor keeping the Federal Reserve away from starting the normalization process
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