French HCOB Composite PMI Final (Jan) 49.1 vs. Exp. 48.6 (Prev. 50)
The final print for France's HCOB Composite PMI came in at 49.1, beating expectations of 48.6 but down from the previous month's 50.
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"Deputy Speaker of Iran's Parliament: Iran and the United States likely reached preliminary understandings before sitting down at the negotiating table", Sky News Arabia reports
French HCOB Composite PMI Final (Jan) 49.1 vs. Exp. 48.6 (Prev. 50)
Israeli artillery shelling reported in central Gaza, via Al Jazeera news
Italian HCOB Services PMI (Jan) 52.9 vs. Exp. 51.4 (Prev. 51.5)
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This suggests a slight contraction in economic activity, as the reading below 50 indicates a slowdown, which could impact sentiment towards the Euro and influence expectations around future monetary policy in the Eurozone.
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