European Markets Wrap-Up: UK January flash services PMI 54.3 vs 51.7 expected

Friday, 23 Jan, 2026 News UK January flash services PMI 54.3 vs 51.7 expected Prior 51.4 Manufacturing PMI 51.6 vs 50.6 expected Prior 50.6 Composite PMI 53.9 vs 51.5 expected Prior 51.4 Full report here Key Findings : Strongest upturn in UK private sector business activity sin Forex Japan finance minister Katayama declines to say if they intervened in the FX market Declines to respond when asked about talk of 'rate checks' Says watching forex moves with a sense of urgency The silence and lack of follow through remarks says a lot considering how she would normall Learn more News Eurozone January flash services PMI 51.9 vs 52.6 expected Prior 52.4 Manufacturing PMI 49.4 vs 49.1 expected Prior 48.8 Composite PMI 51.5 vs 51.8 expected Prior 51.5 The end of last year was filled with optimism on the recovery but the start of the year dea Commodities Oil Technical Analysis with Iran Tensions Looming Oil Technical Analysis Today: Crude Oil Bears Stay in Control Below $60, but Here Is Exactly When the Bias Changes Date: January 23, 2026 Market: Light Crude Oil Futures (CL) | Micro Crude Oil (MCL) A News Germany January flash manufacturing PMI 48.7 vs 47.8 expected Prior 47.0 Services PMI 53.3 vs 52.5 expected Prior 52.7 Composite PMI 52.5 vs 51.6 expected Prior 51.3 Full report here Key Points: Business activity growth quickens in January, but labour market con News France January flash services PMI 47.9 vs 50.5 expected Prior 50.1 Manufacturing PMI 51.0 vs 50.5 expected Prior 50.7 Composite PMI 48.6 vs 50.0 expected Prior 50.0 With a start to the year like this, France is not beating the allegations that it will be t Forex USD/JPY with a sharp drop lower after crossing the 159.00 mark earlier The Japanese yen currency just spiked higher across the board after stumbling following BOJ governor Ueda's press conference. The price movement has similar characteristics to a "rate check" call from Forex Japanese Yen jumps across the board on suspected intervention Seems like the Japanese officials are drawing a line at 159.00 on USD/JPY. That's also where we got an intensification of verbal intervention last week that helped to ease the pressure on the Japanese Learn more News What are the main events for today? EUROPEAN SESSION In the European session, the main highlights will be the release of the Flash PMIs for the UK and the major Eurozone economies. We've been seeing a re-acceleration in activity to star

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