Economic data is back on the menu in Europe today ...Middle East

It's been a rather lackluster last few sessions in Europe in terms of headlines. But hey, things might take a different turn today. On the agenda, we do have PMI data from France, Germany, and the Eurozone to make up for it. That will at least keep things interesting especially if the data continues to surprise to the downside.As things stand, traders have fully priced in a rate cut by the ECB for December. The question now is whether we will see a 25 bps move or a 50 bps one. €STR futures are showing ~83% odds of a 25 bps move but personally, I'd pin those odds closer to 65% to 70% at this stage (as per the money market). The remainder are tied to a 50 bps move.The PMI data will keep the eu

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