Latest data released by Markit - 14 December 2018
Wow, those are some massive misses. The composite reading plunges to its lowest level since February 2016. If the ECB isn't considering about changing its message on risk being "tilted to the downside", this ought to give them more backing to do so. EUR/USD slips a little to session lows of 1.1341 now.
Looking at the details, Markit says that the readings here may be muddied by the gilets jaunes protests as businesses faced disruptions during the period. Hence, this could be a one-off but let's see. Either way, it's not a good reading on the face of it and let's see if Germany's reading will also reflect such sentiment.
If the German reading misses in similar fashion later, expect the euro to take more of a beating later in the day.
