Market Commentary and Intraday News

European Economics Preview: U.K. Manufacturing PMI Due

295 days ago

(RTTNews) - Purchasing Managers' survey results and house prices from the U.K. are due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, U.K. house prices are due from Nationwide Building Society. House prices are forecast to fall 0.2 percent month-on-month in July after easing 0.6 percent in June.

Hungary's final foreign trade and Norway's manufacturing PMI reports are due at 3.00 am ET. The Norwegian PMI is seen rising to 49 in July from 46.3 in June.

The French and German final manufacturing PMI figures are due at 3.50 and 3.55 am ET, respectively.

At 4.00 am ET, final Eurozone manufacturing PMI is due. The index is seen at 44.1, unchanged from flash estimate.

Half an hour later, Markit Economics is scheduled to release U.K. manufacturing PMI data. Economists forecast the index to fall to 48.4 in July from 48.6 in June.

At 5.30 am ET, Germany's Bobl auction results are due. The government aims to raise EUR 4 billion from the issue of 5 year notes.

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