The latest Services PMIs for largest European economies were mixed, with Spain surprisingly rising while France and Italy experienced declines, reflecting ongoing economic uncertainty.
Germany's Services PMI fell to 50.6, and the Eurozone's overall figure dropped to 51.4, strengthening narratives for further cuts by the European Central Bank.
France's fiscal deficit continues to grow, with plans to cut €60 billion in expenses and eliminate 100,000 civil service jobs, raising economic uncertainty in the eurozone.
The upcoming U.S. economic data, particularly ISM Services PMI and Non-Farm Payrolls, will be critical as weaker data could influence Federal Reserve rate decisions.
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