EU HCOB Manufacturing PMI Flash (Jan) 49.4 vs. Exp. 49.1 (Prev. 48.8)

Newsquawk Staff · 23 Jan 2026, 09:20 UTC

What it means

The EU HCOB Manufacturing PMI flash for January came in at 49.4, beating expectations of 49.1 and up from the previous 48.8. This improvement suggests a slight stabilization in manufacturing sentiment, which could imply easing recession fears and may influence ECB policy considerations regarding interest rates. A stronger PMI often supports a positive narrative for growth in the Eurozone, potentially affecting the euro and related assets.

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US Market Open, 6 Nov, 10:48 UTC · what it led with

APAC stocks were pressured; KOSPI slumped 6% following hefty losses in Samsung and SK Hynix.
USD is firmer against all G10 peers awaiting the US NFP report.

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