Forex Marketz Daily Forex News – Fully Markets Update
European traders will be treated to a slew of regional flash PMIs. Today, Germany on France will release flash services and manufacturing PMI data. The European Union will also release their Eurozone flash services and manufacturing PMI data. Later in the day, the United States, the world’s largest economy, will release key and closely watched core retail data.
Traders have been very concerned about a European economic slowdown. The upcoming release of today’s Purchasing Managers Indexes (PMIs), will be very telling about the overall health of the Eurozone economy. The German economy, the European Unions’s largest economy, has also been showing signs of slowing down. So these data releases can be quite volatile on the region’s financial markets today.
Looking at the European market futures, the London benchmark, the FTSE 100 is shown down 21 points at the open. The German DAX is shown opening down almost thirty points and the French CAC 40 is shown opening lower by 14 points.
This morning, the Asian MSCI index, not including shares in Japan was flat. The Nikkei 225 in Japan shed 0.6 percent. Japanese economic data showed that export orders fell to their lowest level in three years.
European Traders Look to track a Negative Day on Wall Street
Overnight, Wall Street stock indices fell lower as healthcare stock sold off. This overshadowed the solid economic data out of both the United States and China.
Also on the economic calendar is monthly sales data out of the United Kingdom as well as the United States. This could affect the Forex markets in regards to the greater British Pound and the U.S. dollar.
