Eurozone: Focus on PMIs – TDS

Analysts at TDS point out that the flash April PMIs are released in the euro area and will be the key economic release for today’s session.

Key Quotes

“It's hard to be too optimistic on them as momentum has been straight down for the better part of the year. That said, they do still remain well in expansion territory. We expect the German Manufacturing PMI to slide 2.4pts to 55.8 (to what would be its lowest value since late-2016), while the French services PMI holds steady at 56.9 (it's lowest value since mid-2017). The ECB's Couré speaks at 3pm BST.”