The market today was essentially marked by the reaction of investors to the publication of the PMI indices (Purchasing Managers Index) concerning the Eurozone. The reading on the manufacturing industry was a positive surprise.
The slowing economy is undoubtedly one of the main topics to be discussed at the European Council in Brussels starting today and extending until tomorrow. If there is a common vision regarding the problems resolve a disagreement within the EU in relation to the solutions.
Earnings Season – Credit Suisse and Daimler reported good results, which exceeded analysts’ forecasts.
Technically, the possibility of the American indices retreat in the coming days, should weigh on European equities.