BREAKING: DE30 dips below 12,500 pts after German PMIs

8:33 AM 23 September 2022

Flash PMIs from France and Germany were key points in today's European economic calendar and were already released at 8:15 am BST and 8:30 am BST, respectively. French release came in mixed - manufacturing disappointed by a huge margin while services gauge showed a big beat. Situation looked less upbeat in case of German data - manufacturing dropped in-line with expectations while services missed significantly.

France

  • Manufacturing: 47.8 vs 49.8 expected (50.6 previously)

  • Services: 53.0 vs 50.4 expected (51.2 previously)

Germany

  • Manufacturing: 48.3 vs 48.3 expected (49.1 previously)

  • Services: 45.4 vs 47.2 expected (47.7 previously)

European indices deepened ongoing downward move following release of French data, while EURUSD did not experience any major reaction immediately after print. DE30 recovered a bit in minutes that followed but took another hit following the release of disappointing German data.

DE30 dipped below 12,500 pts mark after disappointing German PMIs and is trying to break below yesterday's lows. Source: xStation5

Share:
Back

Join over 1 600 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits