French HCOB Services PMI Flash (Jan) 47.9 vs. Exp. 50.5 (Prev. 50.1)
The French HCOB Services PMI Flash for January came in at 47.9, significantly below expectations of 50.5, indicating a contraction in the services sector.
[MARKET UPDATE] XAU falls alongside pressure in US equity futures
Ukrainian President Zelensky says he discussed with US President Trump additional air defence missiles, and provisions for PAC-3 & anti-ballistic missiles
French HCOB Services PMI Flash (Jan) 47.9 vs. Exp. 50.5 (Prev. 50.1)
EUROPEAN OPEN: INTC slides on guidance; ERICB SS raises dividend, proposes SEK 15bln buyback; BAS GY misses FY expectations; BAB LN significant contract; NESN SW proceeds with selling stake in water unit
Ukraine President Zelensky says he is waiting for US President Trump, a date, and a place for the signing of security guarantees
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This notable miss suggests weakening economic momentum and could complicate the ECB's policy stance moving forward, particularly in terms of rate hikes or inflation outlooks. Traders should consider the implications for the euro and related assets as markets evaluate the risk of a slowdown in the eurozone.
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