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CNB Very Likely To Hike By 50bps This Week




NBP Shifting Towards a November Hike?

MNI: EUROZONE DATA: Flash PMIs (Aug 2019) Preview - 09:00 BST
- EZ Composite PMI - Bbg Consensus & MNI Median: 51.2; vs Jul 51.5 
- EZ Manufacturing PMI - Bbg Consensus & MNI Median: 46.2; vs Jul 46.5 
- EZ Services PMI - Bbg Consensus: 53.0; MNI Median: 52.8; vs Jul 53.2
- Mkts look for the EZ Comp PMI to edge down by 0.3 pts to 51.2...
-...which would be the lowest reading since January 
- The manuf PMI is forecast to register the fourth consecutive decline...
-...leaving the index below the 50-no-change threshold since Feb 
- While the services PMI is expected to cool slightly in Aug, it remains healthy
in comparison 
- France's manuf PMI (Jul 49.7) was the last to fall below the 50-mark...
-...while Germany's PMI (Jul 43.2) remains the weakest among the Big 4...
-...both are anticipated to tick down by 0.2 points in August - France's and
Germany's services PMIs are expected to lose some steam