German S&P Global Services PMI Final (May) 48.1 vs. Exp. 47.8 (Prev. 46.9)
Newsquawk Staff ·
- "Services firms reported much greater optimism about the outlook than a month ago, perhaps reflecting increased hopes of an end to the Middle East conflict as well as support to the economy from government policies."
- "Inflationary pressures in the service sector remain elevated, but they have at least steadied."
- "Services firms found it more difficult to raise prices in May amid reports of some pushback from clients"
Sources
- US Midterm Preview: Democrats Favoured to Flip the House, Senate Too Close to Call
- US Ambassador to Turkey Tom Barrack says US could strike Iran as soon as this weekend, AFP reports citing an interview on Israeli radio
- Newsquawk Weekly Economic Release 26th - 30th October 2026
- Newsquawk European Market Wrap - 23rd October 2026
- US EQUITY OPEN: Breadth poor at the open: Energy leads gains on oil rally, Tech sees slight bounce
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