Quick Updates: European Purchasing Manager Index Figures Released

The EUR/USD trades at 1.1362, down by-0.07% as Eurozone PMI figures remained mixed.  


The EUR/USD trades at 1.1362, down by -0.07% as Eurozone PMI figures remained mixed.

  • Spanish Manufacturing PMI – Fell to 49.9 vs. 51.8
  • Italian Manufacturing PMI – Came out better than expected at 47.7 vs 47.1 forecast.
  • French Final Manufacturing PMI – Rose slightly to 51.5 vs. 51.4.
  • German Final Manufacturing PMI – Steady at 47.6
  • Final Manufacturing PMI – Rose slightly to 49.3 vs. 49.2

Summing up – Most economic events are below the 50 threshold which represent weaker economic growth. As a result, the single currency Euro is getting weaker as investors will be expecting ECB to keep the interest rates on hold.

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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