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2025-10-24 15:35:31
[French PMI data was weaker than expected, with government bonds and the euro showing little reaction] ⑴ France's preliminary October composite PMI was 46.8, lower than analysts' expectations of 48.2 and the previous value of 48.1. ⑵ The 10-year French government bond yield was 3.378%, fluctuating by only 0.1 basis points before and after the data release. ⑶ The euro fell 0.1% against the dollar to 1.1607, essentially unchanged from its level before the data release. ⑷ Investors are focused on Moody's rating review of France after the market close, which could lead to another downgrade.
