Week Ahead – European PMIs, French debate, and Chinese GDP on tap
There are no central bank meetings in the coming week but there’s a ton of data releases to spice things up. The show will kick off with China’s GDP numbers, which will reveal the initial damage from the lockdowns. Meanwhile in Europe, traders will scan the latest PMI surveys to estimate the probability of recession, while keeping one eye on the TV debate between Macron and Le Pen. China’s economic growth likely suffered a substantial hit from the latest round of draconian lockdowns. Authorities have doubled down on their ‘zero covid’ policy, trying to stop a variant that is almost unstoppable and
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