5 Feb 2014
Flash: EZ data not looking good ahead of ECB - BBH
FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted the poor EZ data ahead of the ECB.
Key Quotes
"Euro zone reported December retail sales at -1.6% m/m vs. -0.7% consensus and a revised 0.9% (was 1.4%) in November. Final services PMI readings were also reported for a variety of euro zone countries."
"Italy and France readings were slightly firmer than expected at 49.4 and 48.9, respectively, while Germany saw a weaker than expected reading at 53.1. The euro zone composite reading was 52.9 vs. the 53.2 consensus, mirroring the softer than expected services component."
Key Quotes
"Euro zone reported December retail sales at -1.6% m/m vs. -0.7% consensus and a revised 0.9% (was 1.4%) in November. Final services PMI readings were also reported for a variety of euro zone countries."
"Italy and France readings were slightly firmer than expected at 49.4 and 48.9, respectively, while Germany saw a weaker than expected reading at 53.1. The euro zone composite reading was 52.9 vs. the 53.2 consensus, mirroring the softer than expected services component."