Prior 51.3 Composite PMI 52.1 Prior 51.4 Spain’s services sector continues to show improvement despite softer demand conditions; new work saw a decline for the

Eurostoxx +0.3% Germany DAX +0.4% France CAC 40 +0.2% UK FTSE +0.4% Spain IBEX +0.1% Italy FTSE MIB -0.2% US futures are also seen up

I’m still cautious, following all data available. I’m worried about investment in the Euro Area. Centeno is a dove, so I guess his cautiousness stems

Eurostoxx +0.4% Germany DAX +0.3% France CAC 40 +0.6% UK FTSE +0.5% Spain IBEX +0.6% Italy FTSE MIB +0.6% It’s a slight bounce back for

Prior 42.1 The improvement comes amid a notable jump in both the output and new orders. That said, the outlook remains tentative with 60% of

Prior 50.5 That’s the best reading for the year so far as the Spanish manufacturing sector posts modest growth towards the end of Q2. There

Symmetric 2% goal should remain ECB’s primary guide. New times call for vigorous policies at key moments. New times call for patience in temporary events.

We have to watch very carefully for consequences of inflation. Labour market is softening. Path of interest rates will continue to be gradually downwards. A

Trade talks are mainly about non-tariff barriers US trade talks will have to continue past 8 July Will seek extension to that They won’t be

Prior 98.5 That’s the lowest reading since October 2023 as the Swiss economic outlook starts to deteriorate again. Even as fears surrounding the tariffs war