French S&P Global Services PMI Flash (Apr) 46.5 vs. Exp. 48.5 (Prev. 48.8, Low. 48, High. 49.5)

The French S&P Global Services PMI coming in at 46.5 significantly below expectations of 48.5 indicates a more pronounced contraction in the services sector than anticipated.

Newsquawk StaffPublished 23 Apr 2026, 07:35 UTCOn the live feed at 07:15 UTC — 5 more headlines followed before this page went public

Newsquawk headlinesUTC

07:20

EUROPEAN OPEN: RNO FP revenue rises despite adverse weather impact; STMPA FP reports higher sales on strong AI demand; OR FP sales rise on US/EM growth; ROP SW sales fall on copycat competition and FX; NESN SW sales beat, guidance maintained

07:16

China's He says MOFCOM advises Chinese firms to seek a refund of US tariffs; US tax refund measures are a positive step in correcting mistakes

07:15

French S&P Global Services PMI Flash (Apr) 46.5 vs. Exp. 48.5 (Prev. 48.8, Low. 48, High. 49.5)

07:05

[RE-RUN] Sources familiar with Trump admin's moves say "the next stages have already been set"; "After the ceasefire ends, an overwhelming military strike is expected to go ahead, with even greater force than the one the US has inflicted on Iran so far"

07:02

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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Context

This decline, coupled with the previous month's reading of 48.8, suggests weakening economic activity, which may prompt concerns over growth prospects in the Eurozone. Such data could influence market sentiment regarding European monetary policy and the overall economic outlook.

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