Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

NewsBreak: Market Bounce Peters Out on Weak Services PMI

Published 10/03/2019, 04:01 AM
Updated 10/03/2019, 04:15 AM
© Reuters.

Investing.com - European stocks turned lower again on Thursday after weaker-than-expected services Purchasing Manager Indexes stopped a rebound from Wednesday's steep losses. IHS Markit said the composite PMI for the euro zone in fell to 50.1 in October from 51.9 in September, indicating that growth all but stalled in the single currency region last month. Services, which have sustained growth so far this year while the manufacturing sector spun into recession, are now also clearly slowing down: the eurozone services PMI fell to 51.6 from 53.5.

  • French CAC 40 up only 0.3%, after being up nearly 1% before the PMIs
  • Italian FTSE MIB up 0.2% after initial 0.6% bounce
  • German DAX, Euro Stoxx indexes closed for German public holiday
  • French 10-Year OAT yield -0.28% vs -0.27%
  • Latest comments

    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.