Global Weekly: Gaining traction

News item -

The global economic recovery continues to gather pace, while inflation and interest rates remain low. These favourable circumstances translated into good performance for cyclical sectors this week.

Macro update

The eurozone composite PMI jumped higher in November, which more than compensated for the decline that was recorded in the previous month. The index rose by 1.5 points to 57.5 in November, reaching its highest level since April 2011. The composite PMI is a weighted average of the manufacturing and the services sector activity index.
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