What?s new? There was mixed data today with Euroland PMI weaker for manufacturing, but the German PMI was still quite strong with a robust improvement in the Service sector. Belgium business confidence data was also released today, and surprised strongly to the downside strengthening the case for a slowdown in Euroland manufacturing. The Belgium business confidence index fell from 1.2 to -7.9 (consensus 0.5). As can be seen in the chart below, the correlation between Belgium confidence and ifo

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This entry was posted on Monday, April 28th, 2008 at 3:04 am and is filed under Forex Market View. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.