Euro zone flash October PMI data stronger than expected

Euro zone October flash services PMI has come in at 52.3, up from 50.9 in September, better than median forecast of 51.3 and a 20 month high.

Manufacturing PMI meanwhile came in at 50.7, up from 49.3 in September, better than median forecast of 50.0 and an 18 month high.

Composite PMI 53.0, up from 51.1 in September, better than median forecast of 51.6 and a 22 month high.