Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

European Markets Lower After Manufacturing Data

ByAvaTrade
AuthorAvaTrade
Published 05/04/2015, 07:51 AM
Updated 02/02/2022, 05:40 AM

European markets are mostly trading lower and volume is thin as traders are enjoying the long weekend break. The euro has come under fresh pressure this morning on the back of mixed bag of economic data. On one hand, we have Italy, which has produced astonishing reading, boosting sentiment amid traders.

The Italian manufacturing PMI data final print was stout with the reading of 53.8, well above the forecast of 53.4. But, the problem child of the euro zone- France, produced a headline, which traders did not like very much at all. The manufacturing PMI data for France came in at 48- and this has increased the sell off for the euro. Although, German manufacturing PMI data was strong and better than forecast, but still we have the euro trading near the sessions low.

Last week, it was all about the short squeeze for the euro, but it seems that the picture is changing this week ahead of extremely volatile week, which is full with economic data and cocktail of political sparring- not to mention mother of all data- the US non farm payroll is also due on Friday. We are expecting extreme volatility during this week.

Disclosure & Disclaimer: The above is for informational purposes only and NOT to be construed as specific trading advice. responsibility for trade decisions is solely with the reader.

by Naeem Aslam

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.