Germany's Manufacturing PMI Drops to 48.2 in November
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Germany's Manufacturing PMI: The Manufacturing PMI in Germany fell to 48.20 points in November, down from 49.60 points in October, indicating a contraction in the manufacturing sector.
Currency Movements: The EUR/USD exchange rate increased due to recent dollar weakness and comments from the ECB President, with further gains noted after a U.S. shutdown deal and disappointing jobs data.
Market Sentiment: European markets are mixed as investors await new catalysts, with the QQQ-SPX volatility spread reaching a one-year high amid concerns in the tech sector.
France's Economic Growth: The French economy grew by 0.5% in Q3, with inflation expected to remain stable in the near term.
Analyst Views on EWG
Wall Street analysts forecast EWG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EWG is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 42.820
Low
Averages
High
Current: 42.820
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
