Euro Area January composite PMI slightly below market expectations at 47.90 points

• The HCOB Eurozone Composite PMI in January edged up to 47.9 from 47.6 in the prior month, missing the anticipated 48 in a preliminary estimate.

• The latest report indicates that business activity in the bloc declined for an eighth straight month, albeit at the slowest pace since last July.

• Manufacturing PMI increased to 46.60 points in January from 44.40 points in December, while services PMI decreased to 48.40 points.

ETFs: (EWG), (GF), (EWI), (EWQ), (EWGS), (FGM), (DBGR), (HEWG), (DAX), (FLFR), (FLGR), (FLIY)

Currency: (EUR:USD)