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Oct 03 - 06:12 AM
EUR/USD - Traders Beware Germany's Bad Situation Has Got Ugly
First appeared on eFXplus on Oct 03 - 04:10 AM
  • German slowdown had roots in manufacturing now services wane

  • German Service sector PMI 51.4 in September vs 52.5 August nZRN9EOU02

  • German composite PMI drops to 48.5 from 49.1 f/c 49.1

  • Loss of momentum at core of EZ is telling, EZ comp PMI now just 50.1

  • Whole euro zone is now on the brink of contraction

  • WTO approval for U.S. tariff sure to make a bad situation worse nL2N26N1A8












German composite PMI Click here

Source:
Refinitiv IFR Research/Market Commentary

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