Breaking Posted 48 min ago

Germany Services PMI: demand signal ahead of eurozone inflation test

News
Germany services PMI data arrives as eurozone demand weakens—Spain jobless claims accelerated yesterday. This print signals whether service-sector pricing power can hold ahead of tomorrow's flash CPI and core CPI releases, which will determine ECB rate-cut urgency. EUR traders watch for demand resilience; soft PMI reinforces disinflation case and pressures EUR/USD lower.
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41 minutes ago

Germany Services Activity Accelerates, Composite PMI Beats Forecast

Germany's October services PMI rose to 52.5 from 51.7, while the composite index climbed to 53.4 from 52.8—both above consensus. Demand strength tests whether the eurozone can sustain price levels amid slowing wage growth. EUR traders watch next: eurozone flash CPI and Lagarde's remarks on growth-inflation balance.

https://x.com/LiveSquawk/status/2117903529146724651
40 minutes ago

German Services PMI Rises from 51.7 to 52.5 in October

Germany's services sector expanded faster than initially reported, with the PMI climbing to 52.5 from the preliminary 51.7. The upward revision signals stronger demand in Europe's largest economy. Traders watch tomorrow's eurozone CPI flash estimate and Lagarde's remarks to gauge ECB policy direction amid wage growth deceleration.

https://x.com/FirstSquawk/status/2117903807573287103

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