EU HCOB Services PMI Flash (Jan) 51.9 vs. Exp. 52.6 (Prev. 52.4)

Newsquawk Staff · 23 Jan 2026, 09:20 UTC

What it means

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. 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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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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ECB President Lagarde (Q&A) says policymakers believe they are in a good position to wait for incoming information. The situation they are in could have warranted a hike.
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