German Preliminary Manufacturing PMI rises to 42.2 in April vs. 42.8 expected
Source Fxstreet
- Germany’s Manufacturing PMI rose to 42.2 in April vs. 42.8 forecast.
- Services PMI for the German economy advanced to 53.3 in April vs. 50.6 estimate.
- EUR/USD jumps toward 1.0700 after mixed German PMIs.
Germany’s manufacturing sector witnessed some improvement in the contraction in April while the services sector outperformed, the preliminary business activity report published by the HCOB survey showed Tuesday.
The HCOB Manufacturing PMI in the Eurozone’s economic powerhouse rose to 42.2 this month, compared with the 42.8 estimate and March’s 41.9. The index hit the highest level in two months.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Last week, U.S. stocks experienced volatility triggered by Donald Trump's remarks on imposing tariffs on Europe. The Dow fell 0.53% for the week, the S&P 500 slipped 0.35%, and the Nasdaq
Cardano trades near $0.34 after three weeks of declines, with Binance futures open interest down to $108.55M and bearish RSI/MACD signals keeping risks tilted toward $0.32 and potentially $0.27.
Bitcoin Slides Into Weekly Close as Bulls Confront $86K Price TestBitcoin has started to lose momentum as U.S. futures prepare for opening, with markets bracing for anticipated volatility catalysts. The cryptocurrency witnessed multi-day lows leading up to the end of the week, as investors face a looming period of macroeconomic uncertainty.
Bitcoin has started to lose momentum as U.S. futures prepare for opening, with markets bracing for anticipated volatility catalysts. The cryptocurrency witnessed multi-day lows leading up to the end of the week, as investors face a looming period of macroeconomic uncertainty.
Yen Exchange Rate’s Shock Jump. Dropping 200 Pips Near 160 Level, BOJ’s Inaction Hides a Mystery, Buy the Dip or Seek Safety?The 'rollercoaster' Yen has once again become the focus of the foreign exchange market! On January 23, USD/JPY experienced a series of 'rollercoaster' short-term movements, plunging nearl
The 'rollercoaster' Yen has once again become the focus of the foreign exchange market! On January 23, USD/JPY experienced a series of 'rollercoaster' short-term movements, plunging nearl
The AUD/JPY cross retreats nearly 130 pips from the highest level since July 2024, around the 109.00 mark touched earlier this Friday, though the pullback lacks follow-through.
Related Instrument
