BREAKING: Euro drops after German manufacturing PMI miss

Flash PMI indices from France and Germany were released this morning at 8:15 am GMT and 8:30 am GMT, respectively. Market expected more or less flat manufacturing reading in both cases, slightly higher French services reading and a slightly lower German services reading. However, the French release turned out to be a big positive surprise with both gauges beating expectations significantly. Situation looked a bit different in Germany. While services gauge from the country also show major beat, manufacturing index dropped more than expected.

France

Manufacturing: 57.6 vs 55.5 expected
Services: 57.9 vs 53.6 expected

Germany

Manufacturing: 58.5 vs 59.5 expected
Services: 56.6 vs 53.0 expected

Market reaction was small. EUR jumped following French reading before giving back gain on German release. Stock markets completely ignored French releases but caught a bid following German print.

EURUSD jumped after the French PMI release and tested 1.14 resistance zone. However, gains were erased following the German release. The pair has pulled back to the 200-hour moving average (purple line). Source: xStation5

15 December 2025, 1:32 PM

BREAKING: NY Empire Index much lower than expected! 📉

15 December 2025, 1:31 PM

BREAKING: Mixed Inflation in Canada↔️USDCAD muted

15 December 2025, 8:01 AM

Economic calendar: Industrial production in the EU, inflation in Canada (15.12.2025)

15 December 2025, 7:32 AM

BREAKING: Swiss PPI deflation eases on yearly basis🇨🇭 CHF stable

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

BREAKING: Euro drops after German manufacturing PMI miss

Join over 2 000 000 XTB Group Clients from around the world