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Gold
4055.78
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Real-time News
The preliminary figures for the UKs November services and manufacturing PMIs will be released in ten minutes.Statoil has signed a 10-year gas supply agreement with the Czech Republic.November 21st - Surveys show that Eurozone business activity grew steadily in November, with the services sector expanding at its fastest pace in a year and a half, but weak demand caused the manufacturing sector to contract again. Despite persistent global uncertainty this year, the Eurozone has shown resilience, and improved business confidence suggests this momentum is likely to continue. The Eurozones preliminary composite PMI for November fell slightly to 52.4 from a more than two-year high of 52.5 in October, slightly below the expected 52.5, but this marks the 11th consecutive month the index has remained above the 50 threshold, indicating continued economic expansion. Cyrus de la Rubia, chief economist at Commerzbank Hamburg, stated, "The Eurozones services sector is a ray of hope. While business activity in Germany has slowed significantly, service providers in France have resumed growth. Overall, the Eurozone continues to maintain a relatively robust pace of expansion. Although manufacturing dragged down overall growth, the Eurozones overall growth rate in the fourth quarter was faster than in the third quarter due to the high weight of the services sector in the overall economy."The Eurozones November manufacturing PMI preliminary reading came in at 49.7, a five-month low; the Eurozones November services PMI preliminary reading came in at 53.1, an 18-month high; and the Eurozones November composite PMI preliminary reading came in at 52.4, a two-month low.The Eurozones November services PMI preliminary reading was 53.1, below the expected 52.8 and the previous reading of 53.
