Spanish Composite PMI (Dec) 55.6 vs. Exp. 54.3 (Prev. 55.1)

Newsquawk Staff · Newswires · 6 Jan 2026, 08:35 UTC

What it means

The stronger-than-expected Spanish Composite PMI reading of 55.6 suggests robust economic activity in December, surpassing both expectations and the previous month's figure. This positive data could indicate continued resilience in the eurozone economy, potentially impacting ECB policy considerations and overall market sentiment towards the euro.

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US Market Open, 6 Nov, 10:48 UTC · what it led with

APAC stocks were pressured; KOSPI slumped 6% following hefty losses in Samsung and SK Hynix.
USD is firmer against all G10 peers awaiting the US NFP report.

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Iranian President Pezeshkian says the Supreme Leader has granted the government some authority on dialogue, ISNA reports.
EUR/USD+0.1%
ECB policymakers see a December rate hike followed by a pause; New ECB staff estimates show the rise in bond yields cutting growth by a cumulative 100bps and inflation by 90bps in 2027-28 vs the September baseline, according to reports, citing sources.
EUR/USD−0.1%
ECB President Lagarde (Q&A) says policymakers believe they are in a good position to wait for incoming information. The situation they are in could have warranted a hike.
EUR/USD+0.1%

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