Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

Eurozone Markit PMI Reaches 4-Year High

By Panayiotis MiltiadousMarket OverviewJul 05, 2015 03:48AM ET
www.investing.com/analysis/fundamental-review-for-july-3-257193
Eurozone Markit PMI Reaches 4-Year High
By Panayiotis Miltiadous   |  Jul 05, 2015 03:48AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
 
UK100
+0.18%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
DE30
+1.16%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
JP225
-1.83%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
SDFGn
+2.84%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
RIO
+0.04%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
BHPB
-0.55%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

Euromarkets Make Small Losses
The European indices started with small losses today with the investors trading with caution in view of the Greek referendum on Sunday.

The British FTSE 100 index fell by 0.17% at 6,619 points, the German DAX recorded fall of 0.25% at 11,072 points and the French CAC 40 moved downward by 0.22% at 4,825 points.

European STOXX 600 index fell by 0.11% at 385.02 points.

On the board, K & S AG NA O.N. (XETRA:SDFGN) was up by 2.2% after the announcement of Potash that it will try to convince the German company to accept the offer for acquisition.

In contrast, Rio Tinto (LONDON:RIO) Group fell by 0.8% and BHP Billiton (LONDON:BLT) by 1%, as the prices of iron fall towards the biggest weekly decline since last April. The cause of the fall is the reduction of activity in China.

Marginal Rise In Tokyo

The Japanese stock market closed positively today by recovering the losses that were recorded earlier thanks to the rise of the banking sector and other equity large cap companies.

The uncertainty about the developments in Greece regarding the referendum on Sunday, limited gains in Tokyo.

Nikkei rose by 0.1% at 20,539.79 points while intraday it had fell almost by 0.4%.

The broader index TOPIX closed with an increase of 0.2% at 1,652.09 points, while the JPX-Nikkei Index 400 rose by 0.3% at 14,925.02 points.

Eurozone: Markit’s PMI Index Reached A 4-Year High

The economic growth in the Eurozone climbed to a 4-year high in the second quarter, as it was announced today by the research company Markit.

In particular, the final PMI index for the manufacturing sector and services rose at 54.2 points in June from 53.6 points in the previous month and exceeded the initial estimation, as it was announced by the research company.

The strengthening of June led the average measurement for the second quarter to a 4-year high, according to the data of Markit.

The economic growth accelerated in Germany, Italy and France in June and climbed to a two-month high in Germany and to a high of 12 and 46 months in Italy and France respectively.

The PMI index for services rose at 54.4 points in June from 53.8 points in the previous month and confirmed the original estimation. The production has now reached 23 consecutive months of rise.

Chris Williamson, Chief Economist at Markit, said: “While uncertainty caused by the Greek debt crisis rules out any imminent hike in interest rates, the post-election rebound in service sector business activity adds to the likelihood of the Bank of England starting to nudge rates higher later this year. The survey data are indicating an acceleration of economic growth to 0.5% in the second quarter, up from 0.4% in the first three months of the year.

“However, growth will have to accelerate further in the second half of the year to meet the Bank’s 2015 growth forecasts of 2.5%, and faster growth is by no means assured. Hiring and inflows of new business both slowed in June, and an escalating Greek crisis and ‘Grexit’ has the potential to destabilize economic growth.

“Growth is looking increasingly unbalanced. The recent weakness of the manufacturing PMI means industrial production looks likely to have declined in the second quarter, leaving the economy once again dependent on the service sector to sustain any growth."

Eurozone Markit PMI Reaches 4-Year High
 

Related Articles

Craig Erlam
A Busy End To A Busy Week By Craig Erlam - Sep 30, 2022 1

Stock markets are bouncing back on Friday, although I don’t think anyone is getting excited by the moves which pale in comparison to the losses that preceded them. This looks like...

Eurozone Markit PMI Reaches 4-Year High

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email