Germany December flash manufacturing PMI 43.1 vs 43.2 expected ...Middle East

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Germany December flash manufacturing PMI 43.1 vs 43.2 expected
Prior 42.6Services PMI 48.4 vs 49.8 expectedPrior 49.6Composite PMI 46.7 vs 48.2 expectedPrior 47.8It's a wake up call for the euro as traders are reminded that the economy is indeed headed for a recession to wrap up the 2023 year. These are some poor figures overall and points to continued struggles in two of Europe's largest economies. Again, it's not a vote of confidence to the ECB and may pressure them into cutting rates sooner than they would like. HCOB notes that: This article was written by Justin Low at www.forexlive.com.

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