Talking Points
- Euro-Zone purchasing managers’ indexes for April come in above expectations.
- However, the near-term driver of the Euro will be the French presidential election on Sunday.
- Check out the DailyFX Economic Calendar and see what live coverage of key event risk impacting FX markets is scheduled for the week on the DailyFX Webinar Calendar.
In this webinar, I take a look at the Euro-Zone purchasing managers’ indexes and the Euro both ahead of and after the release of the April data, which came in well above expectations.
However, as I explain, the European Central Bank is most unlikely to react to the data and will leave its monetary policy settings unchanged for the foreseeable future.
Meanwhile, the French presidential election takes place on Sunday and will likely be the main driver of the Euro next week.
Our report on the PMI figures is here.
--- Written by Martin Essex, Analyst and Editor
To contact Martin, email him at martin.essex@ig.com
Follow Martin on Twitter @MartinSEssex
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