Currency Hedger Trading Desk May 4, 2020
Final Purchasing Managers' survey and investor confidence from euro area are due on Monday, headlining a busy day for the European economic news.
At 3.00 am ET, consumer and producer prices and manufacturing PMI figures are due from Turkey. Inflation is forecast to slow to 10.88 percent in April from 11.86 percent in March. In the meantime, manufacturing PMI results are due from Poland and Hungary.
At 3.15 am ET, IHS Markit publishes Spain's factory PMI data. Economists forecast the index to fall to 34.0 in April from 45.7 in March. At 3.45 am ET, Italy's manufacturing PMI results are due. The factory PMI is seen at 30.0 in April versus 40.3 in March.
Thereafter, final PMI survey results are due from France and Germany at 3.50 am and 3.55 am ET, respectively. At 4.00 am ET, Eurozone manufacturing PMI data is due. The final reading is seen at 33.6 in April, unchanged from flash estimate and down from 44.5 in March.
Half an hour later, Eurozone Sentix investor confidence survey data is due. Economists forecast the index to rise to -33.5 in May from -42.9 in April.