German Manufacturing PMI up, French down

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Friday, Apr 22 2016

Germany’s manufacturing PMI rose more-than-expected last month, preliminary data showed on Friday. In a report, Markit Economics said that German manufacturing PMI rose to a seasonally adjusted 51.9, from 50.7 in the preceding month. Analysts had expected German manufacturing PMI to rise to 51.0 last month. German service sector activity fell unexpectedly last month, official data showed on Friday. In a report, Markit Economics said that German Services PMI fell to 54.6, from 55.1 in the preceding month. Analysts had expected German Services PMI to rise to 55.2 last month.

Separate report, from Markit Economics said that French manufacturing PMI fell to a seasonally adjusted 48.3, from 49.6 in the preceding month. Analysts had expected French manufacturing PMI to rise to 49.8 last month. In a report, Markit Economics said that French Services PMI rose to a seasonally adjusted 50.8, from 49.9 in the preceding month. Analysts had expected French Services PMI to rise to 50.2 last month.

Euro is currently being traded few points below 1.1280 level. Pair is likely to find support around 1.1250 handle and resistance above 1.1330 level.

More in this category: « Copper prices in a rebound Carney sees Brexit as a treat for Sterling »

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