BREAKING: EUR slumps after French and German PMIs

Open account Download free app

Flash PMI indices for June were a key point in today's European economic calendar. As usual, attention was mostly paid to readings from France and Germany at 8:15 am BST and 8:30 am BST, respectively.

French data turned out to a negative surprise. While manufacturing gauge ticked lower more or less in-line with market expectations, services reading turned out to be a huge disappointment with the index plunging from 52.0 to 48.0 and into a contraction territory. EUR took a hit on the release with EURUSD dropping below 1.09.

German data also turned out to be a disappointment. German services gauge dropped from 56.2 to 54.1 while manufacturing reading showed a drop from 43.2 to 41.0. This was the lowest reading for the German manufacturing PMI since May 2020. EUR deepened declines further following German print and painted a daily low near 1.0850.

France

Manufacturing: 45.5 vs 45.4 expected (45.7 previously)
Services: 48.0 vs 52.0 expected (52.5 previously)

Germany

Manufacturing: 41.0 vs 43.5 expected (43.2 previously)
Services: 54.1 vs 56.2 expected (56.2 previously)

EURUSD plunged following flash PMIs for June from France and Germany. The pair broke through a number of technical supports in the process - 1.0910 support zone, upward trendline, lower limit of the Overbalance structure and 200-hour moving average (purple line). Source: xStation5

12 February 2026, 7:03 PM

Daily summary: Silver plunges 9% 🚨Indices, crypto and precious metals under pressure

12 February 2026, 1:31 PM

BREAKING: US jobless claims slightly higher than expected

12 February 2026, 8:33 AM

Economic calendar: US Jobless Claims and ECB Speeches to Offer Markets Breathing Room (12.02.2026)

12 February 2026, 7:04 AM

BREAKING: Pound frozen after lower-than-expected GDP data from UK 🇬🇧 📉

Economic reports

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days