Europe cannot live alone from services sector, need industrial production in Europe…….or words to that effect.
The market has taken its’ cue from the weaker than expected German manufacturing PMI rather than the stronger than expected services PMI.
We’re back down at 1.3077,
Talk of buy orders lined up from 1.3060 to 1.3040.
UPDATE: As I’m typing this, euro zone PMI has come in as follows
Composite 47.3, stronger than Reuters’ median forecast of 46.8, a nine-month high!
Manufacturing 46.3, weaker than Reuters’ median forecast of 46.6
Services 47.8, stronger than Reuters’ median forecast of 47.0
