The figures here are sort of foreshadowed by the French and German figures earlier with the manufacturing reading unchanged from September and services showing a mild improvement -nothing too noticeable.

Looking at the details, the business expectations component for the services reading actually fell to its lowest level since June 2013 and I think that sort of tells you that things are not doing all too well if you dig a little deeper.

Overall, it is suggestive that the Eurozone economy pretty much went nowhere in October as the economic stagnation/slump in the region continues in Q3.

EUR/USD is marked lower now to 1.1133 as hopes of a rebound continue to be dashed and we’re seeing bond yields slump again to near session lows on the day.