Wednesday is a busy day for economic news, including the flash PMI estimates for Germany’s manufacturing and services sectors. We’ll also see new numbers on the UK CBI Industrial Trends Orders Index and the first estimate of the US PMI Manufacturing Index for July. The market will be watching several other key numbers today as well, such as the flash PMI estimates for the EU and France and the June update on new home sales in the US. Germany Services and Manufacturing PMIs (7:28 GMT): The risk of a new recession in Germany is still a low-probability event, or so a broad review of the numbers suggest. But the economy ... (full story)