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EUR: Focus on flash PMI’s for the region - TDS

FXStreet (Delhi) – Prashant Newnaha, Rates Strategist at TD Securities, suggests that the flash PMIs for Germany, France and the euro area are released and will be in focus today.

Key Quotes

“We expect the German manufacturing PMI to have fallen slightly in November to 51.6 (consensus: 51.8), closely mirroring the fall seen in the ZEW Current Situation survey last week.”

“The French services PMI is a bit trickier to nail down. The survey often reflects not only services activity, but also sentiment, and given the horrific events in Paris likely fell during the survey period, we expect a decline to 52.3, with potentially larger downside risks (consensus: 52.2).”

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