TenkoFX - Analytics

    TenkoFX

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    After weak German IP numbers, eyes on ECB minutes – TDS Sandeep Kanihama

    Research Team at TDS, notes that the German IP came in at –1.3% M/M in May vs the 0.1% consensus, showing the downside that we were looking for.Key Quotes“IP has declined now for 3 of the last 4 months, leaving the manufacturing sector looking quite soft in Q2. We also get the latest ECB minutes at 7:30am ET, but we don’t expect to see much there after what was a noneventful meeting, with the ECB in implementation mode.”


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