EU HCOB Services PMI Flash (Jan) 51.9 vs. Exp. 52.6 (Prev. 52.4)
The flash Services PMI for the Eurozone came in at 51.9, missing expectations of 52.6 and slightly lower than the previous month's 52.4.
[MARKET ANALYSIS] European bourses trade lower though the FTSE 100 slightly outperforms
Japanese Finance Minister Katayama declines to comment if they intervened in the FX market; are watching FX moves with a high sense of urgency
EU HCOB Services PMI Flash (Jan) 51.9 vs. Exp. 52.6 (Prev. 52.4)
Japanese PM Takaichi says the two-year consumption tax cut on food items proposal would "not rely on deficit-financing bonds". Adding, it applies to food only and is limited to two years, Nikkei reports.
German HCOB Manufacturing PMI Flash (Jan) 48.7 vs. Exp. 47.8 (Prev. 47.0)
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This miss suggests a potential weakening in economic activity within the services sector, which could impact growth forecasts and influence ECB policy considerations moving forward.
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