Food for Thought - About the Week Ahead
The most important data in the week ahead comes from the eurozone.
The flash PMI reading is interesting in its own right. In August, it stood at 52.5, the low for the year. However, to keep it in perspective, the multi-year high was set in April at 54.0.
In light of the disappointing participation in the initial TLTRO offering, there is more talk that a sovereign bond purchase program is needed.