Analysts at TD Securities suggest that for data today we have the August flash PMIs and will be a key economic release for today’s session.
Key Quotes
“We think there’s scope for a further pullback in the French services PMI as last month’s World Cup-induced boost dissipates; we look for a small decline from 54.9 to 54.7 (mkt 55.0). For Germany we look for more upside though, as sentiment on trade improves after the Trump-Juncker deal was struck; we look for the manufacturing PMI to rise from 56.9 to 57.2 (mkt 56.5).”
“Later today we also get the minutes from the July ECB meeting. Given that the meeting was a very quiet one, and basically just a summer placeholder, we don’t expect much market reaction.”
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