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<ul><li>Prior 50.9</li><li>Composite PMI 52.1 vs 51.7 prelim</li><li>Prior 50.7</li></ul><p>The good news here is that UK business activity seems to be holding up well in December, with both output and new work rising for a second month running. That being said, employment is a bit of a weak spo

<p>Microsoft is to introduce a new keyboard key for the first time since it launched the Windows key all the way back in 1994. The debut of the Copilot key will be in February this year, as it will be available on laptops and desktop keyboards Microsoft’s OEM partners then.</p><p>According to Microsoft, pressing the Copilot [&hell

<p>The other state readings released at the same time:</p><ul><li>Saxony CPI +4.3% y/y</li><li>Prior +3.9%</li><li>Brandenburg CPI +4.5% y/y</li><li>Prior +4.1%</li><li>Hesse CPI +3.5% y/y</li><li>Prior +2.9%</li><li>Baden Wuerttemberg CPI +3.8% y/y</

<ul><li>Prior 48.7</li><li>Composite PMI 47.6 vs 47.0 prelim</li><li>Prior 47.6</li></ul><p>Despite the positive revision, this still reaffirms a downturn in the euro area economy to wrap up the 2023 year. Both manufacturing and services output saw declines in December, with overall activity lev

<ul><li>Prior 49.6</li><li>Composite PMI 47.4 vs 46.7 prelim</li><li>Prior 47.8</li></ul><p>The revision is a positive one to the initial estimate but it still points to a marginal decline in services activity in Germany on the month. According to the survey, the drag stems mostly from tighter f

<ul><li>Prior 45.4</li><li>Composite PMI 44.8 vs 43.7 prelim</li><li>Prior 44.6</li></ul><p>That's a notable positive revision as it sees French services activity outperform that of November as well now. However, it remains in contraction territory with output declining for a seventh straig

<p>On the change, Morgan Stanley says that it sees a deceleration in the US economy and anticipates that US rates will fall much more than its peers moving forward. They have exited their short EUR/USD trade recommendation but they do still see euro weakness being persistent, instead proposing short EUR/JPY as their next recommended trade.<

<ul><li>Prior 49.5</li><li>Composite PMI 48.6</li><li>Prior 48.1</li></ul><p>Italian services activity marginally contracted again in December with output falling for a fifth straight month while the decline in new orders gathered pace. Demand conditions remain subdued and proved to be a drag fo

<ul><li>Prior 51.0</li></ul><p>New work returns to growth territory as services activity in Spain continues to stay resilient. That being said, selling price inflation has moved up to a seven-month high and could be a cause for concern for the ECB if the trend persists. HCOB notes that:</p><p>"In contr

<ul><li>Eurostoxx +0.2%</li><li>Germany DAX +0.1%</li><li>France CAC 40 +0.2%</li><li>UK FTSE +0.3%</li><li>Spain IBEX +0.5%</li><li>Italy FTSE MIB +0.3%</li></ul><p>This matches up with US futures at the moment, with S&amp;P 500 futures seen up 0.2% on th