Euro Zone Manufacturing PMI Exceeds Expectations

The manufacturing PMI in the Euro Zone surpassing expectations strengthens regional economic growth prospects. This development could increase risk appetite, creating a positive atmosphere in Turkish markets. The Turkish Lira may trend toward appreciation against the euro. Overall, short‑term upside pressure is anticipated in both European and Turkish stock exchanges.

The manufacturing PMI for the Eurozone surpassed expectations, potentially giving the euro a short‑term positive push. Technical indicators back this view: the price sits above both the 20‑day and 50‑day simple moving averages, the MACD has crossed above its signal line, and the RSI hovers around 62—close to the over‑bought zone but not yet there. A 24‑hour rise of 0.18% shows markets reacting swiftly to the upbeat news. However, the elevated RSI level suggests a possible short‑term pullback. Overall, a bullish move in the EUR/USD pair is expected over the next one to three days.

The Euro‑zone manufacturing PMI surpassing expectations strengthens growth forecasts for the region and could exert positive pressure on the DAX. However, current technical indicators—RSI at 54, MACD above its signal line, yet price trading below the 50‑period SMA—do not provide a clear short‑term bullish signal. The market may interpret the PMI data favorably and anticipate a modest short‑term rebound. Consequently, the DAX is likely to experience both upward and downward moves over the next one to three days, with no definitive direction discernible at present.

SAP’s price remains below its 20‑ and 50‑day moving averages, with a very low RSI and a negative MACD, indicating a short‑term resistant position. Consequently, the impact of the news may be limited in the near term; a modest rebound could be expected, but a significant move is unlikely.