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Euro Ticks Up Ahead Of Eurozone PMI Data

4/2/2012 3:41 AM ET

The market will keep a close eye on manufacturing PMI data from France, Italy, Germany and the eurozone in the upcoming trading hours.

Markit Economics is set to publish Italy's manufacturing PMI at 3.45 am ET and French final PMI at 3.50 am ET. The French PMI is seen at 47.6, unchanged from flash estimate.

Likewise, German final PMI, due at 3.55 am ET, is forecast to fall to 48.1, in line with flash estimate, from 50.2 in February.

At 4.00 am ET, the Eurozone manufacturing PMI data is due. According to flash estimate, the index fell to 47.7 in March from 49 in the previous month.

The common currency inched higher against its major rivals ahead of the data. As of 3:40 am ET, the euro was quoted at 1.3360 against the US dollar, 0.8340 against the pound, 110.85 versus the yen and 1.2045 against the Swiss franc.

by RTT Staff Writer

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