Loading ...A Loss Of Momentum”: European PMIs Unexpectedly Crumble Across The Board
Judging by the unexpected freefall and across-the-board miss in Europe’s PMIs this morning, the ECB may have cut rates too little, too late.
The Euro area composite flash PMI declined by 1.3pt to 50.8, below consensus expectations of 52.5, prompting analysts to comment that “this should be a further reason for the ECB to proceed cautiously with interest rate cuts.”
https://www.zerohedge.com/markets/loss-momentum-european-pmis-unexpectedly-crumble-across-board