08:50 AM BST, France - PMI Data for November:
-
HCOB France Services PMI: actual 51.4; forecast 50.8; previous 48.0;
-
HCOB France Composite PMI: actual 50.4; forecast 49.9; previous 47.7;
08:55 AM BST, Germany - PMI Data for November:
-
HCOB Germany Services PMI: actual 53.1; forecast 52.7; previous 54.6;
-
HCOB Germany Composite PMI: actual 52.4; forecast 52.1; previous 53.9;
France’s services sector returned to growth in November, its first expansion since August 2024. Activity and new orders increased, supported by stabilising export demand and backlog reductions. However, employment slipped, optimism stayed historically weak, and firms reported limited pricing power despite faster input-cost inflation. The rebound is encouraging but its durability remains uncertain.
Germany’s services sector continued to expand in November, with activity and new orders rising for the third consecutive month, though growth slowed from October. Employment ticked up modestly, backlogs declined, and inflationary pressures eased. Despite resilient demand, weaker foreign orders and cautious business sentiment highlight ongoing challenges for the sector.
EURUSD ticked back up after briefly retracting from key resistnece at 1.165. Data came up as a partial relief after weaker than expected performance of manufacturing last month, which sparked worries about the foundamentals of the ongoing economic recovery in the Eurozone. Today's ADP employement change data in the US will be crucial for a potential breakout from the ongoing consolidation.
Source: xStation5
Daily Summary: End of the week in the red, tech rally waning
Three Markets to Watch Next Week (12.12.2025)
Rivian Automotive: Rising star or a meteorite?
Technology companies declines ππ₯οΈ
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
