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Eurozone composite PMI hits 50 in June, beating forecasts, signaling stabilization and boosting euro, stocks, yields.
Eurozone services PMI rose to 49.4, beating forecasts but still contracting, sparking short-lived market optimism.
Germany’s services PMI rose to 48.6, beating forecasts; contraction eased, supporting equities and euro cautiously.
Germany’s composite PMI hit 49.5, nearing expansion; easing recession fears, supporting equities, euro, yields, volatility.
France’s Services PMI fell to 46.8 in June, deepening contraction and pressuring European stocks, euro.
France’s composite PMI missed forecasts, signaling contraction and prompting bearish positioning in CAC, euro, volatility.
Italy’s services PMI missed forecasts at 50.2, signalling near-stalled growth, pressuring equities, euro, spreads, volatility.
Spain’s calendar-adjusted industrial output rose 3.4% in May, boosting growth outlook and supporting bullish markets.
Asian stocks climbed as weak US payrolls tempered Fed hike odds; lower oil boosted risk appetite.
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