It seems like this week is about CPI and Brexit, although there is more news!
French service sector increases hiring as activity surges
In November, surge in France's booming service sector managed to surpass preliminary estimates because firm demand led companies to increase hiring to the fastest pace for 16 years, as a monthly poll unveiled on Tuesday.
Data compiler IHS Markit told that its purchasing managers' index for services edged up to 60.4 from October’s outcome of 57.3, which is the highest outcome since May 2011.
The outcome turned to be better than a preliminary result of 60.2 and pushed the index further away from the 50-point mark, which divides expansions in activity from contractions.
The French service sector seems to be closing out this year on a firmly upbeat footing, with both business activity as well as new orders reaching six-and-a-half year maximums in November.
IHS Markit's composite PMI index, including the services and manufacturing data, tacked on to 60.3 from October’s reading of 57.4, thus topping a preliminary estimate of 60.1.
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What has been happening on the cryptomarket during this week? Find out from our weekly crypto analytics!
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
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