1 Dec 2014
Euro focus to be on the manufacturing PMIs – Danske
FXStreet (Barcelona) - The Danske Bank Research Team highlights the key events for today, and note that in Europe focus will be on the manufacturing PMIs for November.
Key Quotes
“The most interesting will be the first estimates for the manufacturing PMIs in the peripheral countries. The preliminary estimates for the euro area as a whole suggest that the periphery improved in November.”
“In the US we expect the ISM manufacturing PMI to have declined to 57.5 (consensus: 58.0) in November from 59.0 in the previous month. The ISM manufacturing PMY has recently been elevated and has been overshooting actual production, suggesting there could be some downside to ISM manufacturing in the coming months. That said, the regional manufacturing surveys have been mixed in November but on balance indicate a decline.”
“In the US there is a number of important Fed-speeches in the calendar today with both vice-chairman Stanley Fischer (voter, neutral) and New York Fed president William Dudley (voter, dove) scheduled to speak.”
Key Quotes
“The most interesting will be the first estimates for the manufacturing PMIs in the peripheral countries. The preliminary estimates for the euro area as a whole suggest that the periphery improved in November.”
“In the US we expect the ISM manufacturing PMI to have declined to 57.5 (consensus: 58.0) in November from 59.0 in the previous month. The ISM manufacturing PMY has recently been elevated and has been overshooting actual production, suggesting there could be some downside to ISM manufacturing in the coming months. That said, the regional manufacturing surveys have been mixed in November but on balance indicate a decline.”
“In the US there is a number of important Fed-speeches in the calendar today with both vice-chairman Stanley Fischer (voter, neutral) and New York Fed president William Dudley (voter, dove) scheduled to speak.”