European Markets Wrap-Up: UK June final services PMI 48.8 vs 48.7 prelim

Friday, 03 Jul, 2026 News UK June final services PMI 48.8 vs 48.7 prelim Prior 49.3 Final Composite PMI 49.3 vs 49.4 prelim Prior 49.7 Key findings : Activity falls to greatest extent for nearly three and a half years New orders decrease for fourth month in a row Input cos News Eurozone services contraction eases in June as cost pressures cool Services PMI 49.4 vs 48.9 prelim Prior 47.7 Composite PMI 50.0 vs 49.5 prelim Prior 48.5 Both the services and composite prints are 3-month highs respectively, reflecting a modest recovery in business Learn more News Germany June final services PMI 48.6 vs 46.8 prelim Prior 48.1 Final Composite PMI 49.5 vs 48.0 prelim Prior 48.8 Key findings : Business activity falls for third month running, but cost pressures ease substantially June sees further, albeit slightly s News French services activity continues downturn in June but at a slower pace Services PMI 46.8 vs 47.4 prelim Prior 44.3 Composite PMI 47.2 vs 47.6 prelim Prior 44.9 The final readings are softer than the initial estimates but at least reaffirms that the downturn in the French News Italy June services PMI 50.2 vs 50.5 expected Prior 49.4 Composite PMI 50.8 vs 50.4 prior Key findings : Growth of Italian service sector reinstated, supported by fresh intake of new business in June Strength in domestic sales drives renewed grow News Spain services activity growth recovers strongly in June Services PMI 54.2 vs 50.9 expected Prior 50.1 Composite PMI 53.3 Prior 50.2 That's a strong upside surprise for Spain's services sector in June, with marked increases in both activity and new business News We are closely monitoring market movements with high sense of urgency, says Japan's Kihara Interest rate moves are determined by markets Monetary policy falls under the jurisdiction of the BOJ Government will continue to work closely with the BOJ Will not pursue fiscal policies that undermi Forex USD/JPY dips again with dollar under pressure after jobs data It's a quick drop of around 50 pips for USD/JPY this time, with the timing of things being somewhat similar to when the drop yesterday occurred. This time around at least, we're seeing the dollar also Learn more News What are the main events for today? EUROPEAN SESSION In the European session, the only highlights will be the final PMIs for the major Eurozone economies and the UK. The data is not going to change anything for the respective central ba

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