An unexpectedly improved reading of the UK’s January PMI for the services sector helped to boost the Pound Sterling during London trading on Wednesday. Earlier today, Markit reported a reading of 53.9 against analysts’ expectations of a flat reading of 52.9. Yesterday, Markit had reported an upbeat PMI for the […]
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Europe’s Stock Markets Surge as Euro Struggles Against USD – 05 February 2020
IHS Markit recently released its services and composite PMI data for the Eurozone. The data shows a firm but slower expansion in the Eurozone services sector, followed by an improving private sector activity. IHS Markit’s composite PMI for January was at 51.3 after being at 50.9 in December. This positive […]
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USD Stable, Stocks Rise Despite Rising Death Toll – 05 February 2020
A record 65 people died in China from the coronavirus on Tuesday, but that didn’t send traders flocking towards safe haven assets as they had in the earlier days of the virus. Instead, as reports surfaced that the virus is 99 percent contained within China’s borders, traders favored riskier assets, […]