Loading…
The Flash Eurozone Composite PMI fell to 48.1 in November from 50.0 in October, the steepest contraction since January. Services slipped into contraction and manufacturing PMI dropped to 45.2.
The euro and bond yields weakened as equities fell.
Weaker euro zone activity reduces demand for imported feed inputs and pressures the euro, which can support dollar-denominated commodity prices in relative terms.
euronews.comNov 22, 2024After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
