FYI: Overnight Flash PMIs were released for major economies with Manufacturing Flash PMIs released in Japan, China, France, Germany, the Eurozone as a whole and the United States. Services Flash PMIs were also released for France, Germany and the Eurozone. As shown in the bar chart below, there was only one sequential improvement (French Services) and only one beat (French Services again). Every other major global Flash PMI reading missed and deteriorated versus October. While most Manufacturing readings are still expanding, things are getting dicey in the Eurozone, and there's no improvement visible; the same is true of Services. The United States, meanwhile, is the anchor of global growth.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2014/11/20/wave-of-misses-for-flash-pmis.html?printerFriendly=true
