EU S&P Global Composite PMI Final (Jun) 50.0 vs. Exp. 49.5 (Prev. 48.5, Low. 47.7, High. 49.5)
Newsquawk Staff ·
- "An easing of downturn in eurozone service sector business activity during June is welcome news and, in conjunction with manufacturing growth, means the wider economy has stabilised after two months of falling output."
- "The near-unprecedented cooling of cost pressures will take the heat out of some of the more hawkish views among ECB policymakers, reducing the odds of further rate hikes in the near future as rate setters await greater clarity of growth prospects and, most importantly, how rapidly price pressures are fading."
Sources
- UK S&P Global Services PMI Flash (Oct) 53.1 vs. Exp. 51.8 (Prev. 52.1)
- UK S&P Global Composite PMI Flash (Oct) 53.1 vs. Exp. 51.8 (Prev. 52.0)
- European S&P Global Composite PMI Flash (Oct) 51.9 vs. Exp. 52.7 (Prev. 53.1)
- French S&P Global Composite PMI Flash (Oct) 48.4 vs. Exp. 50.5 (Prev. 51.1)
- [MARKET ANALYSIS] Asia-Pac stocks are mostly lower following the tech rout and flight-to quality stateside
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