Latest data released by Markit - 5 March 2018

  • Composite PMI 57.6 vs 57.4 prelim

Preliminary figures can be found here.

More or less in line with the preliminary release, but as mentioned earlier, the market is more focused on the Italian elections at this point.

The print here confirms the reading at a 3-month low, though it's still pretty decent. The question that everyone will be asking in the next few readings is whether or not we have passed the peak for the PMI readings in Europe?

The full report by Markit can be found here.

EUR/USD up now to 1.2325 and euro and sterling gains further ground after earlier losses. EUR/GBP now at 0.8926, and EUR/JPY now at 130.07.