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What to Look Out For in March European PMIs
Tomorrow we have a host of important data coming out of the euro area, with a particular emphasis on Germany. CPI data on an individual state level surprised expectations with an acceleration. So, now, there are questions about what direction the largest economy in Europe is taking. Germany generally sets the tone for the direction of the euro and there has been some extra confusion lately with the debate over lockdowns. There is an important underlying issue with inflation and how it correlates with economic growth in the current environment. And that could have an impact on the trajectory of the euro. Basically, ... (full story)