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Market Recap-The day of European PMI

Thursday, April 18, 2019 9:53 AM GMT

It is extremely tricky to produce a market recap some minutes before an upcoming announcement that will most likely confirm or change the current bullish sentiment.

French and German Manufacturing and Services PMI, that are scheduled to be published later today, on 08.15GMT and 08.30GMT, will either meet market’s expectations (the French Manufacturing PMI is expected at 50, the French Service PMI is expected at 49.8, the German Manufacturing PMI is expected at 45.2 and the German Service PMI is expected at 55), potentially confirming the bullish sentiment or fail to record these (or higher than these) numbers and a bearish scenario will probably prevail.

Yesterday’s sessions included the better than expected earnings of Morgan Stanley, the impressive macroeconomic releases for the Chinese economy, and the decreasing US oil w/w inventories.



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