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Eurozone Preliminary Manufacturing PMI improves to 47.8 in December vs. 47.1 expected

  • Eurozone Manufacturing PMI arrives at 47.8 in December vs. 47.1 expected.
  • Bloc’s Services PMI rises to 49.1 in December vs. 48.5 expected.
  • EUR/USD extends gains above 1.0650 on the encouraging Eurozone PMIs.

The Eurozone manufacturing sector contraction eased in December, the latest manufacturing activity survey from S&P Global research showed on Friday.

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Italy Global Trade Balance increased to €0.104B in October from previous €-1.023B

Italy Global Trade Balance increased to €0.104B in October from previous €-1.023B
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Sterling is not granted much potential for a recovery – Commerzbank

As generally expected, the Bank of England (BoE) hiked the key rate by 50 bps to 3.50%. Why did Sterling ease following the decision? In my view of An
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