Read more

European stocks drop despite solid PMIs

8:33 AM 24 July 2020

German and French releases of flash PMIs for July turned out to be solid. While French reading showed a very strong beat in services and small miss in manufacturing, German print showed strong beats in both sectors. A point to note is that almost all gauges has moved into expansion territory (German manufacturing is neutral). Nevertheless, European stock indices deepened drop after release.

France

  • Services: 57.8 vs 52.3 expected

  • Manufacturing: 52.6 vs 53.2 expected

Germany

  • Services: 56.7 vs 50.5 expected

  • Manufacturing: 50 vs 48 expected

DE30 approaches 12,800 pts area in spite of solid PMIs from Europe. Source: xStation5

Share:
Back

Market News

01.07.2025
18:42

Daily summary: Big Beautiful Bill passed through Senate, Wall Street retreats form record highs (01.07.2025)

Wall Street starts the new week with mixed sentiment in reaction to macroeconomic data and comments from Jerome Powell, which support the Fed’s...

 17:15

Dollar Rises After Senate Passes Big Beautiful Deal 💵

USDIDX is approaching 100-period EMA (dark purple) on M30 interval after the US Senate narrowly passed Donald Trump’s “big, beautiful bill,”...

 16:15

US OPEN: Stocks retreat from record highs, tech leads losses, yields bounce back (01.07.2025)

Wall Street is going back to cautious as strong labour market data and status-quo-reaffirming remarks from Fed’s Chair Jerome Powell push back the...
More news

Join over 1 600 000 XTB Group Clients from around the world

Start trading Download the app Download the app
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