EMU: PMI Services climbs to 51.6 in January

FXStreet (Barcelona) - Eurozone PMI Services increased to 51.6 points in January, from 51.0 points in December, according to data released today by Markit. The result is below market consensus of 51.9 points.

PMI Composite grew to 52.9 points in January, following a 52.1 point reading the previous month and below expectations of a rise to 53.2.

Germany: Services PMI rises to 55.5 in January

Germany's Services PMI rose to 55.5 points in January, from 53.5 points in December, according to data released today by Markit. The result is above market consensus of 53.6 points.
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Flash: EUR/USD sidelined until ECB? - Danske Bank

Sverre Holbek, Senior Analyst at Danske Bank expects to see EUR/USD sidelined ahead of tomorrow's ECB meeting where we see a good chance of an ECB refi cut sending the cross lower.
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