S&P Global Composite PMI (EUR) comes in at 52.1 against 52 consensus

The S&P Global Composite PMI for the Eurozone was released today, printing at 52.1. This figure came in slightly above the market consensus, which had anticipated a reading of 52. The actual print also represented a minor increase from the previous month’s value of 52. The surprise against the consensus forecast was 0.2%.

Following the release, EUR pairs have shown varied and generally modest movements after 15 minutes. EURAUD moved -1.0 pips, while EURCAD saw a +0.5 pip change. EURCHF gained +1.4 pips, and EURGBP was up +2.8 pips. EURJPY rose +6.0 pips, EURNZD increased by +7.1 pips, and EURUSD moved +4.3 pips. These measured moves are currently small when compared to the typical median 1-hour moves observed after past releases, which range from 5 pips for EURCHF to 13 pips for EURNZD.