W/E: Weekly Support (updated!)
European PMIs:
Constrained growth ahead – TradingFloor
Juhani Huopainen: The Markit's March purchasing manager indices for Europe continue promising
slow, steady and widespread growth. The real surprise was the big improvement
in France while Germany's less-than-expected
numbers suggest capacity problems.
Euro Area Survey
Indexes Stay Close to Three-Year High – BB
Growth in euro-area manufacturing and services stayed close to the
fastest since 2011 in March as France improved, providing further evidence that
the region’s recovery is on track.
Euro zone business
recovery stays strong as firms slash prices – Reuters
The pace of growth among euro zone private businesses has barely slowed
from February's 2-1/2 year high this month, but firms were forced to slash
prices again to maintain the momentum, surveys showed on Monday.
March PMI numbers point towards onging growth in the Euro area. A big
upside surprise came from France.
US PMI Declines to
55.5 vs 56.5 expected – TradingFloor
There have been three flash PMI reports today, and each was
surprising. China and Germany surprised on the
downside while the French surprise was on the upside.
Euro knocked down by
German PMI data, dollar firms – Reuters
Futures Rise As More
Weak Chinese Data Prompts More Stimulus Hopes – ZH
US PMI Tumbles From
Record High, Biggest Miss In 13 Months – ZH