German PMI Stats Will Widen Spreads: Strategist

1:00 AM ET Tue, 23 Aug 2011

"I think the German PMI announcement will have an impact on spread widening, because investors will see it as an indication that the world is slowing, Germany is slowing, and in general, risk is increasing," Adrian Schmidt, FX strategist at Lloyds Bank Corporate Markets, told CNBC.