EZ IO at 10h00

[_nova]

could be a market mover with risk to the downside

[_nova]

I mean 10h00 GMT (12h00 our time)

[_nova]

EMU Sep IO -1.6% M/M -2.4% Y/Y slightly more than expected so probably not much of a mover. But, IFO Economic Sentiment plunges to 50.9 4Q from 61.9 3Q (historical average 90.7). The USD, despite it's recent rallies remains way undervalued against the EUR. Expect USD rallies and for EZ bourses to keep dropping. OMO

[_nova]

EMU Sep IO -1.6% M/M -2.4% Y/Y slightly more than expected so probably not much of a mover. But, IFO Economic Sentiment plunges to 50.9 4Q from 61.9 3Q (historical average 90.7). The USD, despite it's recent rallies remains way undervalued against the EUR. Expect USD rallies and for EZ bourses to keep dropping. OMO