Outlook There is an ominous black cloud hanging over Europe, or maybe two of them. The first is that France is a new sick man of Europe, having reported manufacturing PMI at a 7-month low in Dec with output down to 45.3 from 48 and services down o 47.4 from 48 when 49 was forecast. But never mind—numbers under 50 mean contraction. The French slide into stagnation has been going on for some time and it remains a mystery why it’s not poisoning the euro, or at least giving it a stomach-ache. The
Reported by FXstreet.com 3 hours ago.
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