France January services PMI 46.5 vs 48.4 expected

Markit - January 22

Services PMI France
  • Prior 49.1
  • Manufacturing PMI 51.5 vs 50.5 expected
  • Prior 51.1
  • Composite PMI 47.0 vs 49.0 expected
  • Prior 49.5

Some downside in EURUSD and European equities. Manufacturing picks up and exceeds prior readings. However services still dropping lower. All eyes on Germany's reading up next.

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