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NewsBreak: Market Bounce Peters Out on Weak Services PMI

Investing.com - European stocks turned lower again on Thursday after weaker-than-expected services Purchasing Manager Indexes stopped a rebound from Wednesday's steep losses. IHS Markit said the composite PMI for the euro zone in fell to 50.1 in October from 51.9 in September, indicating that growth all but stalled in the single currency region last month. Services, which have sustained growth so far this year while the manufacturing sector spun into recession, are now also clearly slowing down: the eurozone services PMI fell to 51.6 from 53.5.

French CAC 40 up only 0.3%, after being up nearly 1% before the PMIs

Italian FTSE MIB up 0.2% after initial 0.6% bounce

German DAX, Euro Stoxx indexes closed for German public holiday

French 10-Year OAT yield -0.28% vs -0.27%


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