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Healthy Euro-Zone Purchasing Managers’ Data Fails to Lift Gloom

June 28, 2023
in Trade Tube
Reading Time: 1 min read
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European markets fell on Friday, following another selloff in Asia, as investors remained largely unmoved by relatively upbeat data on the euro-zone manufacturing and services sectors. After disappointing figures from China, purchasing managers’ indices from Markit Economics came in ahead of expectations in the euro-zone in August with a strong showing from Germany offsetting weakness in France. However, Greece-related turmoil looked set to continue after Prime Minister Tsipras resigned, and members of his own party quit to form a new grouping. Among the continent’s losers was the UK’s Spire Healthcare, which warned that cost-cutting by the cash-strapped National Health Service would eat into its own results.

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