Reply To: Traders Market Weekly: Oil Caps, Sanctions and Services

#48565
Truman
Participant

Final November Manufacturing PMI readings from Germany, France, Spain, Italy, and the U.K. improved from their final October levels, but all remained in contractionary territory.
Germany’s ifo Institute noted rising demand for service staff. Ambulance drivers in the U.K. voted in favor of a strike.
Eurozone’s October Unemployment Rate 6.5% (expected 6.6%; last 6.6%). November Manufacturing PMI 47.1 (expected 47.3; last 46.4)
Germany’s October Retail Sales -2.8% m/m (expected -0.6%; last 1.2%); -5.0% yr/yr (expected -2.8%; last -0.9%). November Manufacturing PMI 46.2 (expected 46.7; last 45.1)
U.K.’s November Nationwide HPI -1.4% m/m (expected -0.3%; last -0.9%); 4.4% yr/yr (expected 5.8%; last 7.2%). November Manufacturing PMI 46.5 (expected 46.2; last 46.2)
France’s November Manufacturing PMI 48.3 (expected 49.1; last 47.2)
Italy’s November Manufacturing PMI 48.4 (expected 47.0; last 46.5). November Unemployment Rate 7.8% (expected 8.0%; last 7.9%)
Spain’s November Manufacturing PMI 45.7 (expected 45.6; last 44.7)
Swiss October Retail Sales -2.5% yr/yr (expected 3.5%; last 2.6%). November CPI 0.0% m/m (expected 0.1%; last 0.1%); 3.0% yr/yr, as expected (last 3.0%). November procure.ch PMI 53.9 (expected 54.0; last 54.9)