Germany’s success against Covid-19 has caused envy and soul-searching in many countries, including France and the UK, but a flare-up in Berlin has caused a draconian lockdown behind barbed wire. Could it spread? The Eurozone’s largest economy also faces the embarrassment of its greatest tech success Wirecard, apparently having fraudulently misrepresented its sales.
Today we’re seeing PMI for Germany, France and the Eurozone.
France came in early this morning above expectations, at 52.1, 50.3 and 51.3 respectively for manufacturing, services and composite. Germany lags a little behind, at 44.6, 45.8 and 45.8. However, these are all, needless to say, far better than last month. The Eurozone figures will be along at 9, expected at 44, 41 and 43.
