08:50 AM BST, France - PMI Data for August:
-
HCOB France Services PMI: actual 49.8; forecast 49.7; previous 48.5;
-
HCOB France Composite PMI: actual 49.8; forecast 49.8; previous 48.6;
08:55 AM BST, Germany - PMI Data for August:
-
HCOB Germany Services PMI: actual 49.3, forecast 50.1; previous 50.6;
-
HCOB Germany Composite PMI: actual 50.5, forecast 50.9; previous 50.6;
French services PMI rose to its highest in 15 months, driven by softer declines in new orders, rising backlogs, and the strongest employment growth in more than a year. Foreign demand weakened sharply, while cost pressures intensified, limiting output price increases.
On the other hand, Germany’s services sector slipped back into contraction in August, with activity weighed down by fragile demand, falling foreign orders, and stalled hiring. Backlogs declined faster, while wage-driven cost pressures resurfaced. Despite subdued growth, firms maintained pricing power and stable optimism, reflecting resilience but also lingering uncertainty and structural labor constraints.
EURUSD recovred above key support around 1.1627 from an earlier dip, currently approaching yesterday's close.
Source: xStation5
Daily Summary- Return of the Sell-off on Wall Streetβ¬οΈ
π΄US100 drops nearly 4%
π‘β¬οΈGold at its lowest since March
π’οΈWTI Crude Below 90 USD Tests the 100-Session Average
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.
