Economy

Economy

European stocks trade sideways as PMIs paint a mixed picture

European markets have undergone a bit of a pullback after some mixed flash PMI numbers painted a patchy outlook for certain parts of the economy in the UK and Europe. Europe In Germany services pushed into expansion territory, while France disappointed. Manufacturing on the other hand was weak in Germany, while it rebounded in France, whereas in the UK manufacturing showed a modest improvement, while services disappointed. While the DAX and FTSE100 have slipped back, the FTSE250 has edged higher. The recovery in Associated British Foods share price initially continued...
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