8:35 AM · 23 August 2021

BREAKING: Indices drop after German PMIs

Release of a flash PMI indices for August is a key event of the day in Europe. Readings from France and Germany have already been released. French data came more or less in-line with expectations and the market saw almost no reaction to this release. However, equity market indices began to move lower ahead of the German data release (8:30 am BST) and downward move was deepened after data was published. German manufacturing PMI dropped more than expected and put pressure on indices. Services index from Germany beat expectations but also moved lower compared to a previous month.

France

  • Manufacturing: 57.3 vs 57.1 expected

  • Services: 56.4 vs 56.2 expected

Germany

  • Manufacturing: 62.7 vs 65.1 expected

  • Services: 61.5 vs 61.0 expected

DE30 started to move lower following the opening of today's cash session in Europe. Downward move was further deepened after the release of lacklustre PMIs from Germany. The near-term support zone to watch or the index can be found at 38.2% retracement of the upward move started on Thursday, August 19 (15,810 pts area). Source: xStation5

16 October 2025, 6:56 PM

Daily summary: indexes edge lower into the close, gold tests $4,300 💰

16 October 2025, 5:05 PM

Breaking: crude oil inventories above expectations 📌

16 October 2025, 4:31 PM

Fed officials favor continued monetary easing 🔎

16 October 2025, 3:36 PM

BREAKING: NATGAS declines after EIA data 📌

Join over 1 700 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits