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Analysts at TD Securities suggest that markets are looking for German factory orders to rise by 1.1% m/m in May, on the back of 4 straight monthly declines.

Key Quotes

“Factory orders are down nearly 7% on a YTD basis as of April, making for weakest 4-month streak since the financial crisis, and not boding well for manufacturing activity into the middle of the year.”

“The ECB’s Praet delivers a keynote speech in Belgium at 9:30am BST.”