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EUR: Flash PMIs paints stronger picture - TDS

FXStreet (Delhi) – Research Team at TDS, suggests that the November’s flash euro area PMIs were generally supportive for fourth quarter output, with most measures showing an increase in the month and coming in stronger than expected.

Key Quotes

“The one downside surprise was French services PMI, which fell, reflecting fragile sentiment following the Paris attacks 10 days ago. French manufacturing momentum increased in the month, and in Germany, the manufacturing PMI rose on a sharp increase in backorders and healthy new orders from export markets, while the services PMI rose very sharply, reflecting strength in both output and new orders.”

USD: Housing market suggests US economy struggling to recover - Swissquote

Yann Quelenn, Market Analyst at Swissquote Bank, suggests that the housing market is an important gauge to more accurately appraise the real situation in the U.S even if officially Fed members’ attention is said to remain focused on inflation and jobs data.
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Lockdown brings bustling Brussels to a halt for the third day

On fears of an imminent assault in Belgium authorities on Monday extended a lockdown of the Brussels for the third straight day. Police had launched an operation at an apartment in Molenbeek, a heavily Muslim dominated region in Belgium and discovered an automatic weapon, other guns and a paintball belt- things required to make to make suicide vests. Following the raid a terror alert was raised and soon after there was a lockdown.
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