6 Jan 2015
Barclays: US and Eurozone PMI reports to dominate data releases – eFXnews
FXStreet (Barcelona) - The eFXnews Team notes Barclays previews today’s US and Eurozone PMI releases, expecting US non-manufacturing PMI to soften to 57.5.
Key Quotes
“In the US, we are expecting the ISM non-manufacturing PMI to soften to a still healthy 57.5 from 59.3 (the second highest level in the index since 2005), which is unlikely to put much of a dent to the USD. We are above consensus on the US November factory orders and expect a +0.2% m/m increase (consensus: -0.5%) after a -0.7% drop last month," Barclays projects.”
“In the Eurozone, we and the market are expecting the final Services PMI and Composite PMI to remain unchanged from their flash at 51.9 and 51.7 respectively (previous: 51.1 previously for both)," Barclays adds.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“In the US, we are expecting the ISM non-manufacturing PMI to soften to a still healthy 57.5 from 59.3 (the second highest level in the index since 2005), which is unlikely to put much of a dent to the USD. We are above consensus on the US November factory orders and expect a +0.2% m/m increase (consensus: -0.5%) after a -0.7% drop last month," Barclays projects.”
“In the Eurozone, we and the market are expecting the final Services PMI and Composite PMI to remain unchanged from their flash at 51.9 and 51.7 respectively (previous: 51.1 previously for both)," Barclays adds.”
This content has been provided under specific arrangement with eFXnews.