Forex Flash: French PMI to underperform Germany's – TD Securities

TD Securities analysts expect the flash PMIs for February to show a similar pattern to January, with France underperforming Germany. “We see downside risks to the improvement expected by consensus in the French PMI (mkt from 42.9 to 43.8) but the German manufacturing PMI should manage to edge above 50 (mkt 50.5) given the stabilization in new orders in the January report”, wrote analyst Annette Beacher.