The advanced reading for EZ composite PMI showed that actual readings were marginally higher but nonetheless still in contraction territory, since below the 50 reading.
The Manufacturing sector surprised positively beating the expected and previous readings when coming out at 46.2. on the other hand the Services sector reading was slightly lower.
Earlier data out of the France and Germany manifested similar traits except for the fact that French services sector still managed to push higher to 46.1 above previous and expected levels.
The data relates to the month of November.
EUR/USD continues to defend well the 1.28 levels buoyed on the back of expectations that the Greek loan issue will be wrapped in Monday's upcoming meeting.
Good day
IMOH, Clement
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