Latest Eurozone data released by Markit 5 Dec 2017

  • Composite PMI 57.3 vs 57.6 expected

A slight dip in the number, and lower compared to expectations as well.

Markit points out a loss of momentum in growth for the month. It's the slowest rise in business activity for 3 months. Also, confidence towards the outlook for activity fell to near 8-month lows.

Full report here.

Not a bad number, but a drop compared to prior readings. This takes the shine away a bit from the other readings we have gotten earlier in the session from Italy and France.

EUR/USD unphased, still hovering at 1.1848 at the moment.