Upbeat PMIs Brought Buyers Back Into the Euro

Preliminary estimates of European business activity indices noted an overall acceleration in the Eurozone economy better than expected, helping the Euro find temporary support as it approaches 1.08.

FXStreet19minutes ago

The Eurozone economy continues to recover, and the composite PMI has been above the boom and bust line for three consecutive months

Supported by strong optimistic demand from the service sector, the overall business activity scale of Eurozone enterprises expanded at the fastest rate in a year this month, while the Eurozone manufacturing industry, which had been sluggish for 2 years, showed signs of close recovery.

Zhitong Finance05:19 ET

ECB: Euro Area's Negotiated Wages Rise 4.69% YoY in Q1 2024 Vs. 4.50% in Q4

The European Central Bank (ECB) published its indicator of the Euro area’s negotiated wages data for the first quarter of 2024 on Thursday.

FXStreet05:06 ET

Australia Private-Sector Sustains Expansion in May: PMI Report

Australia's private-sector expansion was sustained in May, supported mainly by service-sector growth and a flush of new business, reported S&P Global on Thursday, citing its monthly survey.

MT Newswires05:06 ET

Germany's PMI soared to a one-year high in May, and Eurozone recovery accelerated?

As the downturn in German industry gradually eased, private sector activity in Germany ushered in significant growth, making it the fastest growing period in a year.

Zhitong Finance04:47 ET

The ECB Vice President set the tone for cutting interest rates by 25 basis points in June, which indicates new trends in monetary policy

The Zhitong Finance App learned that ECB Vice President Luis de Guindos (Luis de Guindos) said that cutting interest rates by 25 basis points next month seems reasonable under the current circumstances. He stressed that with regard to the June meeting decision, the ECB will maintain a high degree of transparency and adopt a prudent attitude to support this decision to cut interest rates. Degindos pointed out that there is considerable uncertainty in the current economic environment, so no final decision has been made on the total number and specific extent of interest rate cuts. He stressed that the ECB will pay close attention to the further development of economic data and adjust policies accordingly. When asked about adding

Zhitong Finance04:08 ET