News
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US S&P Global Manufacturing PMI declines to 48.3 in December, Services PMI improves to 58.5
US S&P Global Composite PMI rose to 56.6 in December's flash estimate from 54.9 in November, showing that the business activity in the US' private sector continued to expand at an accelerating pace.Fxstreet
Mon, Dec 16
ECB’s de Guindoa: We will continue in the same direction as in the past few months
European Central Bank (ECB) Vice President Luis de Guindos said on Monday, “in the near term, we will continue in the same direction as in the past few months.” Further comments Our confidence that inflation will converge to the target in 2025 is reflected in our monetary policy.
Fxstreet
Mon, Dec 16
ECB’s Kazimir: Gradual, step-by-step approach through 25 bps rate cuts is most prudent strategy
European Central Bank (ECB) policymaker Peter Kazimir said on Monday, “gradual, step-by-step approach through 25 basis points (bps) rate cuts is the most prudent strategy.” Additional quotes More aggressive monetary easing would require a dramatic shift in conditions.Fxstreet
Mon, Dec 16
German Preliminary Manufacturing PMI unexpectedly drops to 42.5 in December vs. 43.8 expected
The German manufacturing sector activity worsened in December while the services sector returned to expansion, the preliminary business activity report published by the HCOB survey showed Monday.Fxstreet
Mon, Dec 16
