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16 Dec 2024

Eurozone Preliminary Manufacturing PMI steadies at 45.2 in December vs. 45.0 expected

  • Eurozone Manufacturing PMI stayed unchanged at 45.2 in December, beating 45.0 estimate.
  • Bloc’s Services PMI rose to 51.4 in December vs. 49.4 expected.
  • EUR/USD keeps gains near 1.0500 after German, Eurozone PMI data.            

The Eurozone manufacturing sector remained in contraction while the services sector activity improved in December, according to the data from the HCOB's latest Purchasing Managers Index (PMI) Survey published on Monday.

The Eurozone Manufacturing Purchasing Managers Index (PMI) stayed unchanged at 45.2 in December, bettering the estimated 45.0.

Dec 16, 2024

NZD/USD holds gains above 0.5750 following mixed data from China

NZD/USD breaks its four-day losing streak, trading around 0.5780 during the European hours on Monday.
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Dec 16, 2024

ECB’s Kazimir: Gradual, step-by-step approach through 25 bps rate cuts is most prudent strategy

European Central Bank (ECB) policymaker Peter Kazimir said on Monday, “gradual, step-by-step approach through 25 basis points (bps) rate cuts is the most prudent strategy.” Additional quotes More aggressive monetary easing would require a dramatic shift in conditions.
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