BREAKING: DE30 up as German data improves

9:32 AM 24 January 2020

Flash January PMI show improvement across the global economy and that is especially true for Germany, where the manufacturing PMI rose from 43.7 to 45.2 and services from 52.9 to very solid 54.2 points.

Earlier today we saw better data from Japan where manufacturing PMI improved from 48.4 to 49.3 and services PMI leaped from 49.4 to 52.1. That’s a good news as Japan seems to be taking a breath after the sales tax hike in October. French PMIs were mixed – manufacturing improved from 50.4 to 51 points but services slid from 52.4 to 51.7 points.

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Markets are moving up today in the morning – DE30 used recent lows as a support and is close to all-time highs again.

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