Flash PMIs from France and Germany were key points in today's European economic calendar and were already released at 8:15 am BST and 8:30 am BST, respectively. French release came in mixed - manufacturing disappointed by a huge margin while services gauge showed a big beat. Situation looked less upbeat in case of German data - manufacturing dropped in-line with expectations while services missed significantly.
Start investing today or test a free demoOpen account Try demo Download mobile app Download mobile app
Manufacturing: 47.8 vs 49.8 expected (50.6 previously)
Services: 53.0 vs 50.4 expected (51.2 previously)
Manufacturing: 48.3 vs 48.3 expected (49.1 previously)
Services: 45.4 vs 47.2 expected (47.7 previously)
European indices deepened ongoing downward move following release of French data, while EURUSD did not experience any major reaction immediately after print. DE30 recovered a bit in minutes that followed but took another hit following the release of disappointing German data.
DE30 dipped below 12,500 pts mark after disappointing German PMIs and is trying to break below yesterday's lows. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.