EUR: All eyes on services PMI

S&P global is scheduled to release the eurozone’s services PMI for April (flash) tomorrow morning. The data measures the level of a diffusion index, based on surveyed purchasing managers in the services industry, and is a leading indicator of economic...


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USD: Dollar does a U-turn

After strengthening on Monday off the back of rumoured hawkishness, the US dollar weakened against is sterling and euro rivals by the end of Tuesday afternoon. This morning the dollar is weaker against the pound and euro compared to this time last week, as investors...


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EUR: Germany’s ZEW Economic Sentiment falls

According to the Centre for European Economic Research, the ZEW indicator of economic sentiment declined for the second consecutive month yesterday hitting its lowest level this year. The indicator fell to 4.1 in April, nearly four times lower than the predicted...


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