Market Comment |Extended gains in oil prices encourage positive market mood

Summary

Euro zone PMI remains almost unchanged in April, while US manufacturing declines. Euro zone composite PMI remained stable in April (decreasing by 0.1 points to 53.0; BBVAe: 53.2, consensus: 53.3) with both services and manufacturing indices remaining broadly stable. By country, Germany composite PMI declined unexpectedly (by 0.2 to 53.8 BBVAe: 54.0, consensus: 54.2) hampered […]

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