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

Daily Summary: Friday offers no relief; the US100 drops 2%🚨
Three Markets to Watch Next Week (October 16, 2026)
Strong US macro data 🗽 Industrial production and prices rise
Market wrap: European indices rebound 🔼 Defence stocks on the rise