French S&P Global Manufacturing PMI Flash (Apr) 52.8 vs. Exp. 49.5 (Prev. 50.0, Low. 48.8, High. 50)

The French S&P Global Manufacturing PMI coming in at 52.8 significantly beats expectations of 49.5, indicating stronger-than-anticipated growth in the manufacturing sector.

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French S&P Global Manufacturing PMI Flash (Apr) 52.8 vs. Exp. 49.5 (Prev. 50.0, Low. 48.8, High. 50)

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European Movers: STMicroelectronics (STMPA FP) +9.3%, Nestle (NESN SW) +5.0%, WH Smith (SMWH LN) -14.5%, J Sainsbury (SBRY LN) -6.7%, Legal & General Group (LGEN LN) -6.5%, Fresnillo (FRES LN) -5.5%, Essilorluxottica (EL FP) -3.9%

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This upside surprise not only reinforces the resilience of the French economy but could also influence ECB rate considerations, as it reflects positive underlying economic momentum amid broader European trends.

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