German Preliminary Manufacturing PMI rises sharply to 42.3 in November vs. 41.2 expected

• Germany’s Manufacturing PMI rose to 42.3 in November vs. 41.2 forecast.
• Services PMI for the German economy improved to 48.7  in November vs. 48.5 expected.
• EUR/USD jumps toward 1.0950 after upbeat German PMIs.

Germany’s manufacturing sector's upbeat momentum extended in November while the services sector downturn eased, the preliminary business activity report from the HCOB survey showed on Thursday.

more to come ....