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9 Jan 2015
German industrial production might surprise markets – TDS
FXStreet (Barcelona) - The TD Securities Team notes risks for today’s German Industrial Production lie to the upside, and expects a larger gain of closer to 1.0%.
Key Quotes
“EUR Markets are looking for German industrial production to increase by 0.3% M/M in Nov, similar to the modest gain that we saw the month before. But we think that the risks here lie to the upside and look for a larger gain of closer to 1.0%, and potentially upward revisions to the Oct data as well.”
“We also have French manufacturing production data today, although there we think that we may see a slightly softer number than the +0.4% gain that markets are looking for on the manufacturing side.”
Key Quotes
“EUR Markets are looking for German industrial production to increase by 0.3% M/M in Nov, similar to the modest gain that we saw the month before. But we think that the risks here lie to the upside and look for a larger gain of closer to 1.0%, and potentially upward revisions to the Oct data as well.”
“We also have French manufacturing production data today, although there we think that we may see a slightly softer number than the +0.4% gain that markets are looking for on the manufacturing side.”