10:04 · 4 December 2024

BREAKING: Eurozone PMI data above expectations 📌

EUR/USD
Forex
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08:15 AM GMT, Spain - PMI Data for November:

  • HCOB Spain Services PMI: actual 53.1; forecast 53.6; previous 54.9;
 

08:45 AM GMT, Italy - PMI Data for November:

  • HCOB Italy Services PMI: actual 49.2; forecast 51.1; previous 52.4;
  • HCOB Italy Composite PMI: actual 47.7; previous 51.0;
 

08:50 AM GMT, France - PMI Data for November:

  • HCOB France Composite PMI: actual 45.9; forecast 44.8; previous 48.1;
  • HCOB France Services PMI: actual 46.9; forecast 45.7; previous 49.2;
 

08:55 AM GMT, Germany - PMI Data for November:

  • HCOB Germany Composite PMI: actual 47.2; forecast 47.3; previous 48.6;
  • HCOB Germany Services PMI: actual 49.3; forecast 49.4; previous 51.6;
 

09:00 AM GMT, Euro Zone - PMI Data for November:

  • HCOB Eurozone Composite PMI: actual 48.3; forecast 48.1; previous 50.0;
  • HCOB Eurozone Services PMI: actual 49.5; forecast 49.2; previous 51.6;


 

US Dollar continues to strenghten against Euro following the publication of manufacturing PMI data from the eurozone. The November reports, however, show a continuation of the rather weak condition in industry. Most countries report data around below the 50-point threshold, with the index for the Eurozone as a whole at 48.3. Data from Germany and Italy came in slightly below expectations. 

 

 

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