PMIs and IFO in the spotlight this week – Danske Bank

FXStreet (Edinburgh) - According to Anders Lumholtz, Senior Analyst at Danske Bank, the flash PMIs in the euro area and the German IFO indicator will be the main events in the upcoming sessions.

Key Quotes

“The main releases in Europe this week are the flash PMIs on Thursday and Ifo on Friday”.

“Leading indicators have recently been casting doubt on the strength of the recovery”.

“Money supply and lending growth data from ECB will attract more than usual attention on Friday as the lending growth data will determine how much banks can take on the second stage of the TLTROs”.