The HCOB services PMI index for the eurozone just came in at 53.6, surpassing both the previous reading of 53.1 and market estimates, which also pointed to 53.1.
This expansion of the services sector above 50 points reflects an economic boost that could influence ECB decisions and, by extension, capital flows into risk assets. When the traditional economy breathes, crypto markets usually feel it.
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GateUser-ccc36bc5
· 12-05 15:41
Eurozone PMI has once again exceeded expectations. At times like this, the crypto space is indeed prone to major moves—history has always played out this way.
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AirdropATM
· 12-05 14:26
Eurozone data is improving, and traditional finance is becoming active... Now the crypto space must be getting restless.
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probably_nothing_anon
· 12-05 10:36
PMI has gone up again, and it seems like Europe has finally come back to life. This makes the ECB's decision-making more interesting. Looking forward to next week's market trends.
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GasFeeCrybaby
· 12-04 18:21
The eurozone services sector is picking up again, so the ECB will have to be cautious. Expectations of capital flowing into risk assets are heating up again... Waiting to see the crypto market follow suit.
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AirdropAnxiety
· 12-03 09:30
European economic data has improved, so retail investors have to hold on again.
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MercilessHalal
· 12-03 09:30
Eurozone PMI has exceeded expectations again, and this time the services data looks pretty good... 53.6 is interesting, it shows that the traditional economy still has some vitality. At times like this, the central bank will probably be more cautious, but those of us in crypto know that once the mainstream economy gets active, capital is already itching to move.
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ImpermanentLossEnjoyer
· 12-03 09:30
The Eurozone services PMI has risen again, tsk tsk... Whenever the traditional economy improves, the crypto market starts to go wild. I’ve seen this pattern too many times.
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BearMarketBuilder
· 12-03 09:23
Every time European economic data is good, they try to pump the market. It's always the same trick—I'm used to it.
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BoredStaker
· 12-03 09:22
Is the services sector in Europe really this strong? Wait, does this mean the crypto market is about to take off...
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GateUser-c799715c
· 12-03 09:14
The eurozone service sector is picking up again, it's looking pretty good now.
📊 Fresh data from the eurozone (November)
The HCOB services PMI index for the eurozone just came in at 53.6, surpassing both the previous reading of 53.1 and market estimates, which also pointed to 53.1.
This expansion of the services sector above 50 points reflects an economic boost that could influence ECB decisions and, by extension, capital flows into risk assets. When the traditional economy breathes, crypto markets usually feel it.