According to Markit’s flash purchasing managers’ indices, Germany continues growing. However, manufacturing is stuck in low growh at 50.9 points, unchanged from January, while services advances more than expected with a rise to 55.5 points, reflecting strong growth.
EUR/USD remains on low ground, around 1.1330.
Markit was expected to report an advance in manufacturing PMI to 51.8 points in February, from 50.9 in the final read for January. For the services sector, an advance from 54 to 54.3 was predicted.
Euro/dollar was trading on the back foot due to worries about Greece, around 1.1327.
French PMIs were mixed, with a fall in manufacturing but a leap in services. The all European numbers which are both expected to remain above 50 points.
Greece is currently left, right and center.
In our latest podcast we feature an interview with Dan Blystone and update on Greece
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