In spite of some positive economic data from the Eurozone this morning, specifically better than expected numbers in October retail sales, the majority of data has been disappointing, and the overall assessment for the Eurozone’s economic future remains bleak. According to Markit Economics, Germany’s Purchasing Manager’s Index for Services slipped to 50.3, moving perilously close to the 50.0 threshold which separates an expansion from contraction. The consensus of analysts polled had predicted that the reading would remain unchanged from October’s reading at 51.4. Read more