The latest set of IHS Markit PMIs picked-up from recent lows but Eurozone GDP is still likely to hit just 0.1% to 0.2% in Q3 while Germany looks to be heading into a technical recession.
EURUSD heads towards two-year lows as weakening data from Germany continues to fuel concerns about the growth of the Eurozone. ECB likely to restart QE cementing the case for a rate cut in September.
The S&P 500 to Russell 2000 ratio is at its lowest since 2008 and some investors have taken notice, but does the slipping ratio suggest heightened recession risk?
The UK economy faces rising risks as political uncertainty weighs on growth. Construction and Manufacturing PMIs experience sharp declines. Focus on Services PMI to consolidate a direction
The EURUSD was pushing higher at the end of Mondays session but reversed some of the gains in anticipation of Eurozone inflation and unemployment figures released this morning. A mixed reading kept the pair subdued around the 1.1246 handle.