EUR: Mixed data from the Eurozone - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Delhi) – Research Team at TDS, notes that the flash French services PMI outpaced market expectations, rising back into 50+ territory to 50.6 in January on increased new business alongside a small expansion in employment.

    Key Quotes

    “The flash German manufacturing PMI disappointed with a decline to 52.1, as manufacturers reported further gains in new export orders, but employment growth slowed somewhat. Some respondents blamed the oil industry for the slowdown.

    The ECB's Survey of Professional Forecasters was also out, and showed a decline in long-term inflation expectations, from 1.9% to 1.8%, returning to its 15H1 historical lows. The Governing Council likely had this info prior to yesterday's policy decision, and it's possible it fed into Thursday’s dovish ECB statement.”
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