Data on business activity in the manufacturing sector (PMI) in Europe
- The index of business activity in the manufacturing sector (PMI) in Germany (July), fact 56.9, forecast 57.3.
- The index of business activity in the manufacturing sector (PMI) (July) of the eurozone, fact 55.1, forecast 55.1.
- The index of business activity in the manufacturing sector (PMI) (July) of Great Britain, fact 54.0, forecast 54.2.
Statistics on business activity in the manufacturing sector in Europe was more pessimistic than expected, which in fact did not affect the dynamics of European currencies. The drivers of the market are the mood and expectations of the market. Which turned out to be more negative with the negative opening of European stock indices.
In addition to waiting for significant news on the US, which will come out today, the market was under pressure of the pessimism of data that return to the negotiating table between the US and China could become a new round of trade confrontation. This also had a negative impact on the dynamics of the US dollar index, which, after growth, remains under pressure of correction and negative sentiment.
The US dollar index chart. The current price is 94.60 (10-year government bonds yield is a blue line)
Read also: “The euro index as an auxiliary indicator”
Hanzenko Anton
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