Germany HCOB Composite PMI Final

Germany HCOB Services PMI Final

Euro Area HCOB Services PMI Final

Euro Area HCOB Composite PMI Final

The annual inflation rate in the Czech Republic rose to 2.4% in May 2025 from 1.8% in the previous month, preliminary estimates showed. This was driven by higher costs for services (4.9% vs 4.7% in April), food, alcohol, & tobacco (4.8% vs 3.3%), and goods (0.9% vs 0.2%). Meanwhile, energy costs fell (-6.2% vs -6.3%), though at a softer pace. On a monthly basis, consumer prices rose by 0.5%, the highest in four months, rebounding from a 0.1% decline in April.

Czech Republic Inflation Rises to 2.4% in May

The HCOB Spain Services PMI fell to 51.3 in May 2025 from 53.4 in the previous month, missing market expectations of 52.9. While this marked the twenty-first consecutive month of expansion in the sector, it signaled the slowest pace of growth since November 2023. The increase in new business softened, registering the weakest pace in eighteen months, largely attributed to persistent uncertainty, which dampened demand—particularly from international clients. Meanwhile, employment continued to rise, enabling service providers to make modest progress in reducing their work backlogs. On the pricing front, input costs continued to increase at an above-average rate, driven by higher wages and supplier charges. In contrast, output prices fell to a six-month low amid intensifying competitive pressures. Lastly, sentiment regarding future activity dropped to its lowest level since November 2023, with firms expressing growing concern over the increasingly challenging economic environment.

Spain Services Sector Growth Slowest Since 2023

Chinese equities advanced for a second consecutive session on Wednesday, with the Shanghai Composite climbing 0.42% to above 3,376 and the Shenzhen Component gaining 0.87% to 10,145. The rally was fueled by strength in technology shares and upbeat sentiment from Wall Street, where Nvidia surged nearly 3% to reclaim its position as the world’s most valuable publicly traded company. The gains came despite renewed trade tensions, as Beijing firmly rejected President Donald Trump’s accusation of violating a temporary trade agreement and warned of potential retaliation. Still, investor sentiment remained cautiously optimistic amid speculation that Trump and Chinese President Xi Jinping could hold talks soon to de-escalate tensions. Top performers included Eoptolink Technology (+7.2%), Zhongji Innolight (+6.0%), GZ Kingteller (+10.0%), and Wus Printed Circuit (+6.8%).

China Stocks Rise for Second Session on Tech Momentum

In Frankfurt,  the DAX Index is up by 185 points or 0.77 percent on Wednesday. Top gainers are Infineon (3.68%), Airbus (3.14%) and Deutsche Post (2.77%). Biggest losses came from Sartorius (-1.36%), Siemens Energy (-1.26%) and Rheinmetall (-0.52%).

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