Daily Video Analysis: European PMI’s to Take Control Today

Good morning and welcome to today’s daily video analysis.

This morning China’s PMI came out at a three month high but markets continued to sag thanks to slumping crude oil prices. Later today we get a plethora of key data out of the European Union as well as the United States. We will get PMI data out of Italy and Germany, which we expect to meet the weaker expectations. Do not be too surprised if the miss the mark altogether as the entire EU is mired in economic stagnation and heavy euro currency deflationary pressure.

Later today, the governor of the Bank of Canada will deliver remarks and the United States will enter the fray with unemployment claims. We expect this number to come in better than expected as we are seeing the labor market in the world’s largest economy picking up steam.

The string of market moving economic data will continue the rest of this week, so hold onto your seats.

Thank you for listening and have a great day!