08:15 AM BST, Spain - PMI Data for October:
- HCOB Spain Manufacturing PMI: actual 54.5; forecast 53.1; previous 53.0;
08:45 AM BST, Italy - PMI Data for October:
- HCOB Italy Manufacturing PMI: actual 46.9; forecast 48.8; previous 48.3;
08:50 AM BST, France - PMI Data for October:
- HCOB France Manufacturing PMI: actual 44.5; forecast 44.5; previous 44.6;
08:55 AM BST, Germany - PMI Data for October:
- HCOB Germany Manufacturing PMI: actual 43.0; forecast 42.6; previous 40.6;
09:00 AM BST, Euro Zone - PMI Data for October:
- HCOB Eurozone Manufacturing PMI: actual 46.0; forecast 45.9; previous 45.0;
PMI reports performed better almost everywhere. The exception is Italy. However, we are still mostly seeing PMI indexes for industry below 50, which means a further contractation in the sector. Only in Spain PMI readings point to expansion.
Generally, PMI publications were received positively although the market reaction is limited, with EURUSD gaining 0.15% today despite the relative weakness of the EUR. The market attention is dominated by a much weaker dollar and the upcoming US elections.
_051ef95a95.png)
Chart of the day: EURUSD under pressure after PMI data! 📉
BoJ maintains rates despite hawkish shift in outlook. What next for the USDJPY?
Gold approaches $5,000 as BOJ rides to rescue of bond market and UK retail sales rise
Economic calendar: PMI from Europe and the US in the spotlight (23.01.2026)
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.
