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Fundamental News Summary

European Session News Summary

Mon, Nov 23 2009, 15:55 GMT
by ecPulse.com analysis team

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Euro zone services and manufacturing inch higher
 
Euro zone PMI manufacturing for November advanced reading at 51.0 from the previous 50.7 which is lower than the expected 51.2, PMI services were also released  for the same time period at 53.2 higher than the previous 52.6 and better than the projected 52.9.

For more news today, PMI composite for November advanced is at 53.7 better than the prior and predicted readings of 53.0 and 53.4 respectively.

Germany PMI manufacturing and services improve
 
Germany PMI manufacturing for November advanced reading at 52.0 higher than the prior and projected readings of 51.0 and 51.6 respectively while PMI services rose to 51.5 from 50.7 which beat the expected 51.2.

France PMI manufacturing and services
 
France released its PMI manufacturing for the month of November preliminary reading coming in at 54.2 lower than the advanced 55.6 and expected 56.0 while PMI services were also released at 60.4 higher than both the advanced and projected readings of 57.7 and 57.8.

Switzerland M3 money supply
 
Switzerland M3 money supply for year ending in October at 7.7% inline with revised prior 7.7% from 7.8%.

Consumer prices in Singapore
 
Consumer prices in Singapore declined 0.8% in October from a year earlier following a decline by 0.4% and it was anticipated to meet the same prior reading. Consumer prices gained 0.6% on monthly basis coming after a decline by 0.14% and it came less than the forecasted 0.8%.

Italy industrial orders and sales
 
Italy industrial orders for September improved to 5.2% from the prior -8.6% as it surpassed the projected reading of 5.0% while on the year it rose to -20.4% from -27.5%, while it was forecasted to come in at -21.7%.

Industrial sales, for September also rose to 2.3% from the revised August's reading of -1.3% from -1.4%, yearly it climbed to -17.3% from -21.2 percent.

Published on  Mon, Nov 23 2009, 15:56 GMT


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