European PMI still very low

Open account Download free app

The Eurozone's composite PMI index remains unchanged at 47.8 points, meaning that businesses have seen recession coming for five months now. We can see that the situation in the Eurozone as a whole fell in line with previous readings, while it improved in Spain or Italy. Nonetheless, we can see that in most cases there is negative sentiment nonetheless. S&P Global indicates that with a possible inflationary peak, the negative impact on demand may weaken. Additionally, S&P Global believes that the impact of winter on demand should be rather limited, although this will largely depend on the weather. Source: Bloomberg

The UK also shows little change. The index for services came in at 48.8 points, in line with the previous reading, while the composite index fell marginally lower to 48.2 points with the previous reading of 48.3 points. EURUSD chart, D1 interval. Despite the fact that the PMI indexes do not leave a positive outlook for the Eurozone, the lack of a drastic increase in gas prices recently has to be viewed positively. In addition, the market basically ignored Friday's very good data from the U.S. labor market. The market estimates that the Fed will raise rates by 50 bps in December, while the Eurozone hike is expected to be a minimum of 50 bps, but there is still a chance for higher interest rate hike. Source: xStation5

20 March 2026, 6:55 PM

Daily summary: Wall Street sells off, gold sells off, dollar keeps winning the risk-off (20.03.2026)

20 March 2026, 5:29 PM

Three markets to watch next week (20.03.2026)

20 March 2026, 8:57 AM

Chart of the Day: EURUSD Under Pressure from the Fed, the Persian Gulf, and Inflation

20 March 2026, 7:08 AM

Economic Calendar: Inflation in Germany and Canada in the Spotlight

Forex
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