Is the euro recovery derailing?

Market Movers ahead The minutes from the 29-30 July FOMC meeting due on Wednesday will attract attention, as the FOMC's communication took a more hawkish turn in the latest statement. In the US we expect manufacturing PMI to stay unchanged at 55.8 in August and look for an increase in consumer prices. We expect the core CPI to increase 0.2% m/m and 2.0% y/y and the headline CPI to come out at 0.2% m/m and 2.1% y/y. In the euro area we expect manufacturing PMI to increase marginally to 52.0,



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