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Euro-NowNat gets bearish
After today’s release of the October PMI figures , Euro-NowNat signals a loss of momentum by the end of the year and early 2019. Thus, unlike previously , Euro-NowNat interprets the most recent data releases as more challenging for the growth outlook. This message is also broadly supported by our financial conditions index model Nat-FCI. Although the tightening of financial conditions over the last couple of weeks has been moderate, the model forecasts business sentiment to remain around the current level for the coming months.
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Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Dirk Schumacher
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