It’s been a good end to the week so far for the euro, with major manufacturing PMI releases all almost reaching or exceeding expectations, from Spain, France, Germany and the Eurozone as a whole. The euro strengthened slightly as a result.
Later today, we will see core inflation flash rate year on year, predicted to come in slightly above 2018’s rate of 0.8%.
Meanwhile, hopeful candidates to the presidency of the European commission held a debate on the future of the bloc, with little surprise from their positions. The one who wins a majority in the EU Parliament, after the May 23rd elections, will become the Commission President. At the moment, forecasts predict a centre-right candidate.
