From Eurozone, yesterday, German and French PMI figures were released. German private sector activity grew at the slowest pace in seven months in February, dampening optimism over the health of the euro zone’s largest economy, preliminary data showed on Monday. The preliminary German manufacturing purchasing managers’ index tumbled to a seasonally adjusted 50.2 this month from a final reading of 52.3 in January, the lowest in 15 months and missing estimates for 52.0. Meanwhile, the preliminary services purchasing managers’ index inched up to a seasonally adjusted 55.1 in February from 55.0 in the prior month. Analysts had expected the index to dip to 54.7.
From Eurozone, on Tuesday, German Business Climate data will be published. Slight decrease to 107.0 is anticipated. In the US session CB Consumer Confidence and Existing Home Sales figures were released. Analysts predict decline to 97.4 in Consumer Confidence, while Existing Home Sales should fall to an annual rate of 5.36 million.
Figures to watch:
German Ifo Business Climate (Tuesday 10:00)
CB Consumer Confidence (Tuesday 16:00)
Existing Home Sales (Tuesday 16:00)
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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