Flash PMI indices from France and Germany have been released at 8:15 am GMT and 8:30 am GMT respectively. Highlights of the reports:
Manufacturing: 51.5 vs 50.5 expected
Services: 46.4 vs 48.5 expected
Manufacturing: 57 vs 57.2 expected
Services: 46.8 vs 45 expected
Releases turned out to be mixed and highlighted how latest coronavirus restrictions impact the economy - services continue to contract while the manufacturing sector continues to expand. Equity indices moved lower following French release but the downward move was halted after German data. Nevertheless, DE30 continues to trade below the 13,800 pts price zone.
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