Eurozone PMIs to gain a bit of ground heading into year-end - TDS

Analysts at TDS are looking for the Eurozone PMIs to gain a bit of ground heading into year-end and expect Germanys manufacturing PMI to rise to 55.0 (mkt 54.5), and France’s services PMI to rise to 52.2 (mkt 51.9) both for Dec. 

Key Quotes

“The big Eurozone risks for the month of December – the Italian referendum and the ECB meeting – did not lead to any adverse market reaction, leaving room for the economy to continue to recover. There’s also an EU Leaders’ Summit beginning this evening, where they’ve gathered to discuss migration, Turkey, Russia, Ukraine and security issues. Leaders of the EU nations, excluding the U.K., then meet to debate the Brexit process.”