Read more
8:53 AM · 23 September 2019

Breaking news: Further weaknes of European economies

Summary:

  • Preliminary PMI readings from EMU economies showed a sharp decline
  • The weakness is visible not only in manufacturing, but also in service sector
  • EURUSD is immediately down below 1.10 and DAX is testing 12300 points

There is a huge disappointment after initial readings of PMI from France and Germany. The market expected a little improvement, but reality turned out to be completely different. Manufacturing PMI from France is close to 50 points and PMI from Germany is approaching 40 points which indicates huge economy slowdown. The market reaction is clear – EURUSD is down below 1.10 and DAX is close to 12300.

A huge disappointment  after release data from EMU economies. Source: Bloomberg

DAX is trying o break out from consolidation. The nearest support is at 12200 points. Source: xStation5

1 April 2026, 6:50 AM

Economic calendar: ISM and ADP data ahead 🔎

1 April 2026, 6:49 AM

Morning wrap (01.04.2026)

31 March 2026, 3:04 PM

BREAKING: US Labor Market Cools While Consumer Confidence Beats

31 March 2026, 10:16 AM

Economic calendar: Markets await US Jolts and Conference Board data

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