French and German flash PMI indices for November were released today at 8:15 am GMT and 8:30 am GMT, respectively. French release came in mixed - while the manufacturing index beat expectations significantly, services sector missed significantly. However, a key point to note is that both French indices are now below 50 points - in contraction territory. German data saw both manufacturing and services sector beat expectations but both indices remained in contraction territory.
France
เริ่มเทรดทันทีวันนี้ หรือ ลองใช้บัญชีทดลองแบบไร้ความเสี่ยง
เปิดบัญชี ลองบัญชีเดโม่ ดาวน์โหลดแอปมือถือ ดาวน์โหลดแอปมือถือ-
Manufacturing: 49.1 vs 47.0 expected (47.2 previously)
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Services: 49.4 vs 50.6 expected (51.7 previously)
Germany
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Manufacturing: 46.7 vs 45.0 expected (45.1 previously)
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Services: 46.4 vs 46.2 expected (46.5 previously)
Both DE30 and EURUSD dipped following the release of mixed French data. Declines were deepened following German release with DE30 testing 14,400 pts handle.
However, simultaneously to the release we had a speech from ECB's De Guindos who said that inflation is likely to stay elevated in the next round of ECB projections and that the euro area may see recession in Q4 2022 and Q1 2023. Those comments may have influenced market moves as well and may have contributed to weaker performance of European assets.
DE30 breaks below short-term support zone in 14,400 pts area following French and German PMIs for November. Source: xStation5
