UK S&P Global Services PMI Final (Dec) 51.4 vs. Exp. 51.3 (Prev. 51.3)
The final reading of the UK S&P Global Services PMI for December came in slightly ahead of expectations, indicating a modest uptick in new business and a recovery in client confidence.
[MARKET ANALYSIS] Crude benchmarks reverse earlier losses and extend on Monday's gains despite a lack of clear driver
[MARKET ANALYSIS] XAU extends on Monday's gains as Copper reaches another ATH
UK S&P Global Services PMI Final (Dec) 51.4 vs. Exp. 51.3 (Prev. 51.3)
ECB's Villeroy says recent French CPI reading is good news for favourable rates
[MARKET UPDATE] Bund Mar'26 lifted from 127.40 to a session peak of 127.62 within a few minutes of German State CPIs; potentially on the North Rhine Westphalia M/M printing at 0.00%, whilst the Nationwide M/M expectation implies a slightly firmer reading
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- "The most positive development was a renewed upturn in new business intakes, following a slight decline during November. Modest growth of incoming new work was attributed to tentative signs of a recovery in client confidence after an extended period of pre-Budget gloom. Order books were also supported by a marginal rebound in export sales."
- "Inflationary pressures across the service economy strengthened at the end of the year. Input prices rose to the greatest extent for seven months, and output charge inflation rebounded from November's recent low, despite the subdued demand backdrop."
This data suggests that while there are signs of stabilization in the services sector, inflationary pressures are rising, which may complicate the outlook for monetary policy and growth going forward.
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