New business activity indices in the euro area
Dear traders,
At 11:00 Kiev time on Thursday the composite PMI index of the eurozone, determined by the research group IHS Markit, will be published. Experts predict that this index will remain at 54.3.
Composite index of business activity (PMI) from Markit in the euro area combine indices in the manufacturing and services sectors of the eurozone.
Prior to this France and Germany will publish their own reports on the significance of the PMI index at 10:00 and 10:30 Moscow time respectively.
The ECB plans to finish the financial incentive program before the end of this year and announced that it could raise the interest rate next year.
However, in recent weeks, some investors have begun to fear that the region’s economic growth has already passed its peak. These fears were added to the negative perception of the EU trade conflict with the United States. (Investing.com)
Have a nice trading day, Ladies and Gentlemen!
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