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Business expectations. Germany, 10:00 (GMT+2) 25 Jul

25Jul.202309:00

Business expectations. Germany, 10:00 (GMT+2)

At 10:00 (GMT+2), the July index of business expectations in Germany will be published, which measures business sentiment and business conditions in the country through a survey of representatives of 7.0K companies. A decline from the current 83.6 points to 83.0 points is predicted, which, in turn, may put pressure on the euro.

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Manufacturing and services PMI. UK, 10:30 (GMT+2)
24 Jul. 2023 09:30
Manufacturing and services PMI. UK, 10:30 (GMT+2)

At 10:30 (GMT+2), data on business activity indices in the manufacturing and services sectors in the UK will be released. The indicators reflect the state of business activity in the national manufacturing and service industries based on surveys of purchasing and supply managers of leading national enterprises. At the same time, their attitude to the current economic situation and the prospects for its further development is assessed. If the index in the manufacturing sector rises from the current 46.5 points and in the service sector – from 53.7 points, it may support the pound.

IFO business climate. Germany, 10:00 (GMT+2)
25 Jul. 2023 09:00
IFO business climate. Germany, 10:00 (GMT+2)

At 10:00 (GMT+2), will be published the July business climate index in Germany from the Institute for Economic Research (IFO), based on a survey of leaders of 7.0K enterprises in the manufacturing industry, construction sector, wholesale, and retail trade. It is expected that in July, there will be an increase from the current 88.5 points to 87.9 points, which, in turn, may have a positive impact on the positions of the European currency.

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