Prior 51.4Composite PMI 50.0 vs 49.7 prelimPrior 49.6The euro area economy kicks start Q4 in stagnation mode with heavyweights Germany and France dragging down the overall performance. A further weakening in demand conditions is to blame but just be wary that...
Germany October final services PMI 51.6 vs 51.4 prelim
Final Services PMI 51.6 vs. 51.4 expected and 50.6 prior.Final Composite PMI 48.6 vs. 48.4 expected and 47.5 prior.Key findings:HCOB Germany Services PMI Business Activity Index at 51.6 (Sep: 50.6). 3-month high. HCOB Germany Composite PMI Output Index at 48.6 (Sep:...
France October final services PMI 49.2 vs 48.3 prelim
Prior 49.6Composite PMI 48.1 vs 47.3 prelimPrior 48.6The revisions are positive but still marks a drop from September. The details reveal the sharpest drop in new business since January with growth expectations also declining markedly compared to the month before....
Italy October services PMI 52.4 vs 50.5 expected
Services PMI 52.4 vs. 50.5 expected and 50.5 prior.Composite PMI 51.0 vs. 49.7 prior.Key findings:New business rises modestly following two successive months of decline. Activity growth accelerates to four-month high. Employment levels broadly unchanged in...
USDJPY Technical Analysis – Trump is 47th President of the US
Fundamental OverviewThe US Dollar is higher across the board today as Trump got elected President of the US. The Republicans won the Senate, and they just need the House now to get a red sweep. That is the most bullish scenario for the greenback as it would make the...
Spain October services PMI 54.9 vs 56.8 expected
Prior 57.0Composite PMI 55.2Prior 56.3The growth momentum in Spain's services sector weakened in October but is still a solid reading nonetheless. Both sales and demand showed improvements, contributing to the strong activity. The added good news is that jobs growth...
European indices open higher as positive sentiment catches on
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US futures continue to ramp higher on the day
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Trump: This is a magnificent victory for the American people
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Trump takes to the stage at Palm Beach Convention Center
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Markets still see a 25 bps rate cut by the Fed this week but what about next year?
Amid all the chaos and focus on the US election, let's not forget that we have a Fed meeting as well on 7 November. As things stand, traders are still pricing in ~99% odds of a 25 bps rate cut for tomorrow. But looking out to October next year, the total rate cuts...
House odds swing back in favour of Republicans
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Germany September industrial orders +4.2% vs +1.5% m/m expected
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Fox News calls Wisconsin in favour of Trump
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Chinese yuan feels the pinch with Trump set to win US presidency
USD/CNY daily chartThe onshore yuan is sinking to its lowest since mid-August against the dollar now, with USD/CNY on the verge of hitting 7.17 on the day. It comes amid a surging dollar but also some bad news for China with Trump set to win the presidency.More...
FX option expiries for 6 November 10am New York cut
There is just one to take note of on the day, as highlighted in bold. But on a day like this, the influence of the expiries is far from the first thing in driving or impacting trading sentiment. It's all about the US election and the momentum flows riding from the...
Decision Desk HQ calls Trump as winner of the election
AI imageFox News has also called Pennsylvania in favour of Trump. With 93% of votes in, he is leading by 3 points there. In any case, this was inevitable and just a matter of time after the votes of Pennsylvania and Wisconsin didn't really favour Harris whatsoever...
All polling stations are now officially closed in the US
But the results have sort of been know for a while already, almost for the past four to five hours. Trump is on the verge of officially being declared the winner. He has 247 seats in the pocket with all the remaining five swing states (Arizona, Michigan, Nevada,...
The race for control of the House remains a tight one
Decision Desk HQ is reporting odds of Democrats winning the House at 57.4% but that is the narrowest it has been in the last three hours. And in terms of number of seats, they are projecting Democrats to barely pip it with 219 seats. As a reminder, 218 seats is needed...
Trump reportedly heading to Palm Beach, Florida to address supporters
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