Analysts at TD Securities point out that in the Eurozone, flash PMIs for February are released, and they are expecting declines in both the French Services PMI and the German Manufacturing PMI.
Key Quotes
“In France, we forecast a decline in the Services PMI to 47.5 (mkt: 48.5). In Germany, the Manufacturing PMI is likely to echo Tuesday’s ZEW survey, with another decline in February to 49.4 (mkt: 49.8).”
“ECB Chief Economist Peter Praet speaks at 8am and 1:30pm GMT, and ECB Minutes from their recent meeting are released around lunchtime GMT. They’re likely to include a deeper dive into the Governing Council’s decision to pivot the balance of risks to the downside, and might offer further thoughts on a possible TLTRO extension.”
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