French S&P Global Services PMI Final (Apr) 46.5 vs. Exp. 46.5 (Prev. 48.8)
The final reading of the French S&P Global Services PMI for April came in at 46.5, which matches expectations but marks a decline from the previous month's 48.8.
German S&P Global Composite PMI Final (Apr) 48.4 vs. Exp. 48.3 (Prev. 51.9)
[MARKET UPDATE] Energy benchmarks continue to retreat, Brent below USD 107/bbl, following a handful of geopolitical updates. Adding to the gains in fixed benchmarks and equity futures.
French S&P Global Services PMI Final (Apr) 46.5 vs. Exp. 46.5 (Prev. 48.8)
Iranian and Saudi Arabian Foreign Ministers held a phone call; stressed continuing diplomacy and prevent escalation of tensions
Italian S&P Global Composite PMI (Apr) 50.5 (Prev. 49.2)
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This contraction signals ongoing weakness in the services sector, suggesting potential headwinds for economic growth in France, which could influence ECB policy considerations moving forward.
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