Larger declines expected in headline German IFO and its sub-components - TD Securities

FXStreet (Łódź) - Prashant Newnaha, Asia-Pacific Macro Strategist TD Securities believes that the decline in the October German IFO numbers will be larger than generally expected.

Key quotes

"So far German survey data for October has been mixed, with the ZEW sliding lower but the manufacturing PMI recovering a bit."

"Markets are looking for marginal losses in the headline IFO and its sub-components, but we think that the risks lie toward slightly larger declines."