EUR/USD up at 1.3025 from a North American close Tuesday down around 1.2985. The pairing garnered a much-needed lift from the release of official Chinese PMI, which rose to 55.2 in November from 54.7 in October, better than median forecast of 54.8.
Euro zone data for today:
07:00 GMT: German retail sales for October expected +1.2% m/m, +1.3% y/y
08:45 GMT: Italian manufacturing PMI for November expected unchanged at 53.0
08:50 GMT: French manufacturing PMI for November (final) expected unchanged at 57.5
08:55 GMT: German manufacturing PMI for November (final) expected unchanged at 58.9
09:00 GMT: Euro zone manufacturing PMI for November (final) expected unchanged at 55.5
Got a Portuguese 12 month t-bill auction (750-1.25 bln euros)
European stocks expected to open marginally firmer; DAX seen up 0.4%, CAC 40 seen up 0.6%
