The eurozone composite PMI flash came in at 49.5 in June, still in contraction, as the ECB deals with conflicting signals: Lagarde closed the door on a new tightening cycle while Bundesbank chief Nagel flagged a possible July follow-on after the ECB's first rate rise since September 2023.
German business sentiment edges higher in June as the Ifo index reaches 85.6, with the current assessment component outperforming forecasts amid signs of stabilization. Source
