Latest data released by Markit - 6 November 2018
- Prior 54.7
- Composite PMI 53.1 vs 52.7 prelim
- Prior 54.1
Preliminary readings can be found here. The beats here are largely due to the revision seen in the German data earlier but once again, has to be put into context. Relative to September's prints, these are still weaker and still doesn't convince that the Eurozone economy is headed for a much needed improvement just yet in Q4.
EUR/USD trades now at 1.1425, a little higher on the day as the dollar is a little weak. EUR/GBP is lower at 0.8732 as the pound remains perky on Brexit deal hopes. Meanwhile, EUR/JPY holds up at 129.37 near the highs as the yen continues to linger at the bottom of the major bloc.
