Rates Spark: Will German And French PMIs Keep Our Bearish Rates Outlook Supported?
Source: SeekingAlpha
2025-09-23 05:13:00 ET
By Michiel Tukker and Benjamin Schroeder
Euro rates can push higher if broad-based gradual growth recovery persists
Consensus sees the eurozone aggregate PMIs remaining above 50, reflecting a gradual growth recovery and supporting a drift higher in euro rates. But more important could be the French and German numbers, since these are the two economies featuring prominently in the region’s downside risks. Expectations are for the German manufacturing index to nudge from 49.8 to the 50 break-even level. The last time this level was hit was in 2022. And with the German fiscal impulse still ramping up, such numbers argue in favour of some careful optimism....
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Rates Spark: Will German And French PMIs Keep Our Bearish Rates Outlook Supported?
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