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Early European Markets Update

Posted: 2017-02-21 08:16:00

French CPI comes in at -0.2% MM after -0.2% expected and 1.3% YY after 1.4% expected. French Manufacturing PMI comes in at 52.3 after 53.5 expected and services at 56.7 after 53.9 expected for a mixed overall report.

At the bottom of the hour we get the German PMI data. manufacturing due 56.0 and services due 53.6 

Dealers report EUR/USD 1.0525 seen as a key level. Should it be breached, sentiment likely to turn negative.

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