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Quiet week for European data - TD Securities

FXStreet (Łódź) - Prashant Newnaha, Asia-Pacific Macro Strategist at TD Securities points out that there are not many market-moving data releases in the economic calendar this week, the most important ones being flash PMI numbers on Tuesday and the German IFO on Wednesday.

Key quotes

"It is a more uncertain month for surveys as the strong recovery in equities and tentative ceasefire in Ukraine could suggest some upside, however the ZEW significantly surprised to the downside."

"We see the German manufacturing PMI recovering about half a point in September, recovering about half of last month’s losses, however the French Services PMI is likely to fall back below 50."

"The UK has a very quiet data calendar with only public finance data due to be released tomorrow while in Sweden we will receive the economic tendency survey on Wednesday."

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