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Markets Today – PMI Slowdown

From business.nab.com.au

It was a negative end to the week for risk assets on Friday with the equities lower and the US dollar managing a 0.4% gain on the DXY as the euro slid 0.6% after PMIs showed Eurozone output growth close to stalling as manufacturing remained very weak and services growth showed greater-than-expected moderation. Europe led yields lower on Friday following the data. News over the weekend was developments in Russia, where a deal brokered by Belarus leader Lukashenko means that Wagner Chief Prigozhin has turned his convoy of troops, weapons and tanks away from Moscow after 24 hours of crisis. Prigozhin will go to Belarus ... (full story)

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  • Category: Fundamental Analysis