PMI rebounds in Germany, massive declines in France. Euro recovers from losses

Germany:

Manufacturing PMI: 39.8 (expected: 39.5; previous: 39.1)
Services PMI: 49.8 (expected: 47.1; previous: 47.3)

France:

Manufacturing PMI: 43.6 (expected: 46.1; previous: 46.0)
Services PMI: 43.9 (expected: 46.0; previous: 46.0)

A real roller coaster on EURUSD in the last minutes. First, dismal data from France, and now better data from Germany, although indicating a recession. EURUSD is recovering, although investors are somehow not strongly positive.

3 February 2026, 08:14

Economic Calendar: US Data Distorted by Government Shutdown

2 February 2026, 15:05

BREAKING: ISM data above expectations. EUR/USD under pressure

2 February 2026, 07:28

Economic calendar: Manufacturing PMI data in focus, Palantir earnings in the background💡

30 January 2026, 07:19

Economic calendar: markets await Trump’s official Fed chair nomination 🔎

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