Trading news

United Kingdom S&P Global Composite PMI registered at 50.5, below expectations (51.8) in November

United Kingdom S&P Global Services PMI came in at 50.5 below forecasts (52.1) in November

United Kingdom S&P Global Manufacturing PMI above expectations (49.3) in November: Actual (50.2)

The Pound is trimming previous losses and returns to the mid-range of the 205.00s after a sharp pullback to session lows at 204.80 earlier on the day.

Eurozone HCOB Services PMI above forecasts (53) in November: Actual (53.1)

Eurozone HCOB Composite PMI came in at 52.4 below forecasts (52.5) in November

Eurozone HCOB Manufacturing PMI came in at 49.7, below expectations (50.2) in November

S&P Global will release on Friday the November flash Purchasing Managers' Indices (PMIs) for most major economies, including the United States (US). These surveys of top private sector executives provide an early indication of the business sector’s economic health.

European Central Bank (ECB) President Christine Lagarde said at 35th European Banking Congress event in Frankfurt on Friday that the central bank will remain vigilant to inflation risks and will adjust interest rates, if needed, to keep inflation at 2% target.

EUR/USD is going through a mild recovery on Friday, trading at the 1.1545 area at the time of writing, after bouncing from two-week lows on Thursday, right above 1.1500.

Gold prices fell in India on Friday, according to data compiled by FXStreet.

Oil prices depreciated for the third consecutive day on Friday, with the US benchmark West Texas Intermediate breaking below the $58.00 line for the first time since late October, as the US administration works to reach a peace deal between Russia and Ukraine.

Germany HCOB Services PMI came in at 52.7, below expectations (53.9) in November

Germany HCOB Composite PMI came in at 52.1 below forecasts (53.7) in November

Germany HCOB Manufacturing PMI below expectations (49.8) in November: Actual (48.4)

France HCOB Composite PMI: 49.9 (November) vs 47.7

France HCOB Services PMI above expectations (48.3) in November: Actual (50.8)

France HCOB Manufacturing PMI below forecasts (49) in November: Actual (47.8)

The Pound Sterling (GBP) falls sharply against its major currency peers on Friday and trades broadly stable against the US Dollar (USD) after the release of poor United Kingdom (UK) Retail Sales data for October.

Japan Finance Minister (FM) Satsuki Katayama said during Friday’s European session that the latest economic stimulus package of 21.3 trillion yen approved by the cabinet would be insufficient to prompt inflation through households’ demand.