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Global Markets Today

Aug 05, 2025

Daily market updates

#Forex

Eurozone PMI shows modest rebound

Mild economic improvement boosts ECB rate cut expectations

Report Highlights:

Business Activity in the European Union
The partial PMI for business areas rose to 50.9 from 50.6, indicating slight growth in overall activity despite continued weak demand.

Services Sector Sees Limited Improvement
Germany, Italy, and Spain recorded slight expansion in their services, while France remained in contraction territory for the eleventh consecutive month.

European Industry Nears Stability
The Eurozone Manufacturing PMI improved to 49.8, its highest level in nearly three years—although industrial sectors have yet to move into full growth.

Declining Business Confidence and Modest Employment
Export demand remained at a 41-month low, while private sector employment saw only moderate growth despite a slight expansion. Business confidence also declined.

Future Outlook

Monetary Outlook: Moderate data may push the ECB to extend or deepen its rate cut decision in September to avoid a further slowdown.
Markets: The gradual recovery is likely to continue if economic activity remains stable, but a return to real growth requires a rebound in external demand.
Currencies: The euro may weaken against the dollar if the European economy remains weaker than expected, especially against any further easing signals from the ECB.

- Source: Reuters.

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