TenkoFX - Analytics

    TenkoFX

    415.75 7.25/10
    68% of positive reviews
    Real

    Eurozone: June PMIs eyed to forecast Q2 GDP – RBC CM

    Sue Trinh, Senior Currency Strategist at RBC Capital Markets, suggests that the Euro area flash June PMIs will provide another piece of information to plug into the Q2 GDP forecast.Key Quotes“Up to this point, the PMI-based GDP indicator has been signaling Q2 growth of 0.3% q/q, slightly below RBC’s 0.4% q/q forecast. However, the near-term prospects don’t point to a pick-up in momentum, as the forward-looking new orders component fell in May by more than a point relative to the Q1 average.”


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree