PMI from Euro Zone : 50.5 , expected: 49,5 , previous 49,8
The PMI reading for the eurozone turned out better than forecasts, suggesting that economic activity in the region is more resilient than anticipated. This is a positive signal for growth prospects and may support market sentiment, although it may simultaneously increase pressure on the ECB to maintain a restrictive monetary policy.
Daily Summary: Wall Street Stabilizes Despite Higher Oil Prices
Cocoa loses 5% amid rising inventories on ICE
Oil gains 3% amid US - Iran escalation and supply disruption on the Black Sea
🔼 Gold gains 1.7%