German Preliminary Manufacturing PMI rises to 49 in June as expected

Germany’s Manufacturing PMI rose to 49 in June vs. 49 forecast.
Services PMI for the German economy improved to 49.4 in June vs. 47.5 estimate.
EUR/USD keeps the red near 1.1500 after mixed German PMIs.

The German manufacturing and services sectors contraction eased in June, the preliminary business activity report published by the HCOB survey showed on Monday.

The HCOB Manufacturing PMI in the Eurozone’s top economy improved to 49 this month, compared with May’s 48.3, aligning with the expected 49 reading.

more to come ....

Jun 23, 2025

Germany HCOB Services PMI registered at 49.4 above expectations (47.5) in June

AUD/JPY holds gains near 94.50 due to potential delay in the BoJ’s rate hikes

AUD/JPY extends its gains for the second consecutive session, trading around 94.50 during the early European hours on Monday. The currency cross depreciates as the Japanese Yen (JPY) loses ground amid rising expectations of delaying the interest rate hike by the Bank of Japan (BoJ).