07:00 AM BST, Germany - Durable Goods for September:
- German Factory Orders: actual 4.2% MoM; forecast 1.6% MoM; previous -5.4% MoM;
08:15 AM BST, Spain - PMI Data for October:
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app- HCOB Spain Services PMI: actual 54.9; forecast 56.6; previous 57.0;
08:45 AM BST, Italy - PMI Data for October:
- HCOB Italy Services PMI: actual 52.4; forecast 50.3; previous 50.5;
- HCOB Italy Composite PMI: actual 51.0; previous 49.7;
08:50 AM BST, France - PMI Data for October:
- HCOB France Composite PMI: actual 48.1; forecast 47.3; previous 48.6;
- HCOB France Services PMI: actual 49.2; forecast 48.3; previous 49.6;
08:55 AM BST, Germany - PMI Data for October:
- HCOB Germany Composite PMI: actual 48.6; forecast 48.4; previous 47.5;
- HCOB Germany Services PMI: actual 51.6; forecast 51.4; previous 50.6;
09:00 AM BST, Euro Zone - PMI Data for October:
- HCOB Eurozone Services PMI: actual 51.6; forecast 51.2; previous 51.4;
- HCOB Eurozone Composite PMI: actual 50.0; forecast 49.7; previous 49.6;
Eurozone businesses showed stagnation in October 2024, with the HCOB Composite PMI Output Index at 50.0, indicating no overall growth as expansions in smaller economies were offset by contractions in Germany and France. Services showed modest gains, while manufacturing contracted. Weakening demand, a fifth consecutive monthly drop in new work, and the sharpest employment decline since late 2020 highlight fragile economic conditions. Meanwhile, inflation rates for input and output costs were among the weakest in over three years.
Nonetheless, market reaction is limited following the publication, as investors' attention is currently focused solely on the US presidential election.
_d7193266a1.png)
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
