26 Oct 2015
German IFO expectations data awaited – Danske Bank
FXStreet (Delhi) – Research Team at Danske Bank, suggest that in the euro area, the calendar is crowded in terms of data releases and the week starts off with the German IFO expectations.
Key Quotes
“So far, we have not seen any weakness in the indicator but we expect this development to be over and forecast a decline to 102.3. This is less than the recent sharp drop in ZEW expectations but more in line with the modest decline in the PMI figures. Besides the slowdown in emerging markets, the Volkswagen exhaust scandal is also to blame.”
Key Quotes
“So far, we have not seen any weakness in the indicator but we expect this development to be over and forecast a decline to 102.3. This is less than the recent sharp drop in ZEW expectations but more in line with the modest decline in the PMI figures. Besides the slowdown in emerging markets, the Volkswagen exhaust scandal is also to blame.”