EWG

Euro area retail sales fall 1.2% in October

Euro area retail sales fall 1.2% in october over the same month in the previous year. Retail sales increased 0.1% on a monthly basis in october. Euro area services pmi rose to 48.70 points in october, up from 48.50 in september.

European stocks turn green, building on previous-day gains

European stocks turn green, building on previous-day gains. Pan-european stoxx 600 edges 0.33% higher. U.s. 10-year treasury yield up less than one basis point to 4.18%. European markets mixed as investors add to bets of ecb rate cuts next year.

Germany Factory Orders (MoM) For October -3.7% Vs. 0.2% Est.; 0.7% (Revised) Prior

Germany's factory orders drop 3.7% in October

Germany's factory orders drop 3.7% in october of 2023 over the previous month. Consensus was for a decrease of 0.2%. Cfa urbancow: factory orders in germany decreased 3.70% in the month of october. Ewg, fgm, dbgr, currency: euro.

Euro Area services PMI rose to 48.70 points

Euro area services pmi rose to 48.70 points in november from 47.80 points in october of 2023. Services pmi in the euro area was slightly above market expectations. European markets mixed on monday awaiting us numbers this week for economic outlook.

Germany's services PMI rises to 49.6 points in November

Germany's services pmi rises to 49.6 points in november from 48.20 points in october. Above market consensus of 48.7. Services pmi in germany increased to 50.0 in november, up from 50.2 in october, according to the survey.

European markets mixed as investors weigh monetary policy outlook

European markets mixed as investors weigh monetary policy outlook. Pan-european stoxx 600 inched 0.1% lower on tuesday. Industrial production in spain shrank by 1.5% year-on-year in october. German manufacturing pmi revised higher to 42.6 in november.

A 'Reluctant Rotation' Has Begun

Ivan martchev says the stock market has seen a rotation out of tech and into financials, small caps and other under-performing sectors. Martchev: the market has been weak in the fourth quarter of the year without a recession. He says it is a good idea for 90% of the gains in the s&p 500 index in 2023 to be driven by just ten companies.