BREAKING: The DE40 is seeing improved sentiment as the PMI has avoided a downside surprise

• Eurozone Services PMI: 51.9 (expected: 51.9; prior: 52.8)
• Eurozone Composite PMI: 50.2 (expected: 50; prior: 50.9)
• Germany Services PMI: 52.5 (expected: 52; prior: 53.1)
• Germany Composite PMI: 49.1 (expected: 48.7; prior: 50.4)
• France Services PMI: 50.1 (expected: 50.7; prior: 49.6)
• France Composite PMI:  49.1 (expected: 49.5; prior: 48.8)
• Italy Services PMI: 51.7 (expected: 53; prior: 53.7)
• Italy Composite PMI: 50.3 (prior: 51.3)
• Spain Services PMI: 53.9 (expected: 56.2. prior: 56.8)

PMI indices for the Eurozone's services sector are presenting a mixed picture. On the one hand, we see significant disappointment from Spain, a decline in France compared to the preliminary reading, and a considerably lower reading in Italy. On the other hand, there's an improvement in Germany compared to the initial reading, which has led to the Eurozone's overall index holding steady as expected. However, it's worth noting that PMI indices for the services sector are performing slightly worse than in June, although they still remain above the 50-point mark. The composite index for the Eurozone maintains a position above 50 points, even though for the largest economies, most industrial indices are below 50 points. Moreover we can see that recent publications are positive for the stock market and DE40 erases some decreases from the first hour of the session: