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Pre-New York: Brent 115, euro PMIs miss, US PMIs ahead
Pre-New York: Brent 115, euro PMIs miss, US PMIs ahead
- Since London: euro area composite PMI 51.9 vs 52.7, France 48.4 vs 50.5, Germany 52.8 vs 53.3; UK composite 53.1 vs 51.8; CBR holds at 14.00% as expected
FO view: Gulf supply risk keeps Brent bid while weak euro PMIs and a Moody's review on France tilt the crosses towards the dollar into the US PMIs.
Not investment advice.