18 Nov 2013
Flash: EZ PMI data the main event this week - BTMU
FXstreet.com (Barcelona) - Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ notes that the release of the euro-zone PMI surveys for November will be in focus in the week ahead.
Key Quotes
“The surveys are expected to reveal that the economic recovery in the euro-zone remains fragile with positive growth momentum having stalled so far in early Q4 consistent with a weak quarterly growth
rate in Q4.”
“The economy is faring worse than official projections in Italy which may draw attention at tomorrow’s Eurogroup meeting. Requests could also be made to France and Spain as well to implement extra measures to close potential budget shortfalls in 2014.”
Key Quotes
“The surveys are expected to reveal that the economic recovery in the euro-zone remains fragile with positive growth momentum having stalled so far in early Q4 consistent with a weak quarterly growth
rate in Q4.”
“The economy is faring worse than official projections in Italy which may draw attention at tomorrow’s Eurogroup meeting. Requests could also be made to France and Spain as well to implement extra measures to close potential budget shortfalls in 2014.”