{"id":44954,"date":"2013-12-04T08:08:26","date_gmt":"2013-12-04T13:08:26","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=44954"},"modified":"2013-12-04T08:08:26","modified_gmt":"2013-12-04T13:08:26","slug":"euro-traded-flat-amid-germanys-upbeat-services-pmi","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/12\/04\/euro-traded-flat-amid-germanys-upbeat-services-pmi\/","title":{"rendered":"Euro Traded Flat amid Germany\u2019s Upbeat Services PMI"},"content":{"rendered":"

By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

The euro was flat versus the US dollar during European session on Wednesday, after a report released showed that Germany\u2019s services Purchasing Managers\u2019 Index (PMI) rose higher than forecasted in November.<\/p>\n

The 17-bloc euro dropped 0.02% lower to $1.3585 against the greenback as of 8:55am GMT; before rising after the release of Germany\u2019s final services PMI rose 55.7 points higher in November, up from the previous reading of 52.9 points seen in October.<\/p>\n

The macroeconomic figure of the day will be the second forecast for eurozone\u2019s gross domestic product (GDP). GDP growth is expected to remain unchanged at 0.1%. The report is expected to be released by the Statistical office of the European Union (Eurostat).<\/span><\/p>\n

Eurozone services PMI<\/span><\/h2>\n

In Spain, the final services PMI increased to 51.5 points in November, rising from the previous reading of 49.6 points seen in October and above analysts forecast of 49.7.<\/p>\n

The Italian services Purchasing Managers\u2019 Index dropped to 47.2 points in November from the previously recorded 50.5 in October and lower than analysts forecast of 50.4 points.<\/p>\n

In France, the final PMI in services stood at 48.0 in November, dropping from 50.9 seen in the previous month.<\/p>\n

Manufacturing PMI<\/span><\/h2>\n

Factory activity in the eurozone\u2019s largest economy showed ongoing improvement in November, rising above the 50-mark threshold for the fifth month in a row, reports from Markit Economics confirmed.<\/p>\n

November\u2019s final PMI Index for Germany\u2019s manufacturing sector advanced 52.7 higher, rising above 51.7 points seen in October final reading.<\/p>\n

Italy\u2019s manufacturing PMI increased to 51.4 points in November, rising from 50.7 recorded in October and above analysts forecast of 50.8 points.<\/p>\n

The French final PMI in the manufacturing sector came in at 48.4 in November and lower than the 49.1 registered in October.<\/p>\n

ECB<\/span><\/h2>\n

The European Central Banks (ECB) is expected to announce its benchmark interest rates on Thursday, with predictions of borrowing costs to remain at its current rate of 0.25%, according to analysts.<\/p>\n

The preliminary report released by Eurostat on November 29, showed that inflation in the eurozone rose 0.9% higher in November, up from the 0.7% seen in the previous month; marking its lowest rise in 47 months.<\/p>\n

 <\/p>\n

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The post Euro Traded Flat amid Germany\u2019s Upbeat Services PMI<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n

Article provided by HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog The euro was flat versus the US dollar during European session on Wednesday, after a report released showed that Germany\u2019s services Purchasing Managers\u2019 Index (PMI) rose higher than forecasted in November. The 17-bloc euro dropped 0.02% lower to $1.3585 against the greenback as of 8:55am GMT; before rising after the … <\/p>\n

Continue reading “Euro Traded Flat amid Germany\u2019s Upbeat Services PMI”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-44954","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/44954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=44954"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/44954\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=44954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=44954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=44954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}