European Markets Wrap-Up: UK July preliminary services PMI 51.2 vs 53.0 expected

Thursday, 24 Jul, 2025 News UK July preliminary services PMI 51.2 vs 53.0 expected Prior 52.8 Manufacturing PMI 48.2 vs 48.0 expected Prior 47.7 Composite PMI 51.0 vs 51.8 expected Prior 52.0 That's a bummer as the recovery in the UK services sector loses momentum in July. Output gr News EU's von der Leyen says had an excellent meeting with China president Xi today We want this relationship to be beneficial for both sides Had 'intense' dialogue on how to make better use of emissions trading systems Trade relationship today is not balanced, competition has to be Learn more Education TMGM Announces Multi-Year Partnership With The Brooklyn Nets TMGM (Trademax Global Markets), a leading global online trading platform, is pleased to announce a multi-year partnership with the Brooklyn Nets, one of the NBA's most iconic and dynamic franchises. A Technical Analysis Gold falls back after upside move stalls at key resistance level The drop today sees gold poised for back-to-back daily declines now as investors are focusing on more positive trade developments since yesterday. But amid a weaker dollar, gold still caught a bid ear News Eurozone July preliminary services PMI 51.2 vs 50.7 expected Prior 50.5 Manufacturing PMI 49.8 vs 49.7 expected Prior 49.5 Composite PMI 51.0 vs 50.8 expected Prior 50.6 The readings here are encouraging, even if the industrial output index hit a 4-month low. O News EU member states back potential counter-tariffs of €93 billion of US goods This is their supposed safety net in case negotiations go awry in the coming days before the 1 August deadline. They've consolidated the counter-tariffs into a single list now, and that totals up to b News Germany July preliminary manufacturing PMI 49.2 vs 49.5 expected Prior 49.0 Services PMI 50.1 vs 50.0 expected Prior 49.7 Composite PMI 50.3 vs 50.7 expected Prior 50.4 The readings for both the manufacturing and services sectors are a marginal improvement to June, News China reaffirms that its policy on rare earth exports is consistent with global practice Stands ready to work with relevant countries to enhance dialogue on export controls To keep global industrial supply chains stable, safe and secure As much as China tries to paint a picture as though Learn more News France July preliminary services PMI 49.7 vs 49.6 expected Prior 49.6 Manufacturing PMI 48.4 vs 48.5 expected Prior 48.1 Composite PMI 49.6 vs 49.3 expected Prior 49.2 The reading reaffirms a continued pick up in momentum in the French economy, but still larg

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