UK manufacturing PMI and Eurozone CPI in focus today - TDS

Analysts at TD Securities suggest that the release of UK manufacturing PMI and Eurozone CPI data are going to be the key economic releases for today’s session.

Key Quotes

“UK: We see downside risks to the January Manufacturing PMI, with a forecast of 53.0 (mkt: 53.5). Spillovers from weak manufacturing activity in the rest of Europe and continued Brexit uncertainty are likely to be key factors in the decline.”

“Eurozone: January CPI is released, and we expect headline inflation to slip to 1.4% y/y (mkt: 1.4%) while core inflation remains stable at 1.0% y/y (mkt: 1.0%). Final readings for January Eurozone PMIs are also released.”