European Bond Markets Await Flash Estimate PMI Data
Dow Jones
Yesterday
0513 GMT - Eurozone government bond markets will focus on flash estimate PMI data for September on Wednesday, with risks to the downside, analysts at Daiwa Capital Markets say in a note. "Overall, we see the risks to the flash activity indices skewed slightly to the downside," they say. Recent drivers--concentrated amongst German manufacturers and Southern European services--could be difficult to sustain and the rise in global energy prices over the summer seems bound to reassert pressure on firms' input prices and potentially selling prices too, they say. "However, those risks are unlikely to detract from the wider picture of improving underlying growth momentum."
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