Important news today: PMI data in Europe and retail sales in Canada and the UK

European session today began with data from France in 10:00 for PMI in manufacturing. Expected to increase to 48.0 to 47.5 points for the previous reporting period. At 10:30 Germany expect results for PMI in manufacturing and services, as projected for 51.7 to 51.2 for the previous period of production and 52.5 to 52.1 points in the previous period of the index in the services sector. At 11:00 we expect data for the same indices of the Eurozone, and the expectations are for 51.0 to 50.6 points in the previous period in the proizovdstvoto and 52.0 to 51.6 points in the previous period for PMI in services.

At 11:30 UK investors will pay attention to the results for retail sales, according to analysts they will show a drop to -0.6% stopped 1.6% for the previous period. If forecasts justify likely see a decrease in GBP

During the US session we have important data from Canada, as of 15:30 will become clear inflation, and analysts say it will be -0.6% to -0.4% for the previous period on a monthly and annual basis are expected to decrease to 1.6% compared to 2.0% for the previous period. At the same time we have release is for retail sales, as they are also expected to decrease to -0.2% compared to 0.0% for the previous reporting period. If the data analysts justify the possible decrease of the Canadian dollar.

At 17:00, investors will focus on US data for the sale of existing homes, and are expected to increase to 5.08 million. To 4.93 million. For the previous reporting period and if they justify likely see an increase in USD.

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