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

21 August 2026, 2:47 PM

BREAKING: Strong US Service PMI 🔥EURUSD stays flat ↔️

21 August 2026, 11:45 AM

⚪Silver tests $70 and breaks key resistance

21 August 2026, 9:03 AM

BREAKING: European PMIs stronger than expected 🔼 EURUSD approaches 1.17 level

21 August 2026, 7:21 AM

Economic Calendar: Batch of PMI reports will move attention away from bonds? (21.08.2026)

Economic reports

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