Preliminary German PMIs for May were released at 8:30 am BST. Services index bounced from 16.2 to 31.4 pts (exp. 26 pts). Manufacturing index ticked higher from 34.5 to 36.8 pts (exp. 39.4 pts). While both indices improved, one needs to keep in mind that sub-50 reading indicates contraction in the sector! French PMIs released earlier both came in above expectations but also remained below 50 pts threshold. DE30 moved lower in a knee-jerk move but bulls regained control quickly.
DE30 is a painting a pin bar pattern following release of German PMIs. Source: xStation5
Economic calendar: PMI from Europe and the US in the spotlight (23.01.2026)
Daily summary: Wall Street, precious metals and EURUSD surge📈Bitcoin under pressure
Economic calendar: Key U.S. data to shift focus from geopolitics (22.01.2026)
Market Wrap: Wall Street and Europe lose ground; markets await Trump in Davos🛣️
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.
