The Eurozone Services #PMI dropped to an unprecedented 11.7. Germany’s consumer confidence collapsed way beyond anything seen during the GFC.

This happened JUST TODAY:#Germany's consumer confidence collapsed way beyond anything seen during the GFC.

The Eurozone Services #PMI dropped to an unprecedented 11.7.

US initial jobless claims rose another 4.43 million, totaling more than 26 million in 5 weeks. pic.twitter.com/0qjVbkyhAD

— jeroen blokland (@jsblokland) April 23, 2020

ICYMI overnight
IHS Markit Eurozone PMI and GDP

Flash Eurozone PMI Composite Output Index 13.5 vs 29.7

Flash Eurozone Services PMI Activity Index 11.7 v 26

Flash Eurozone Manufacturing PMI Output Index 18.4 v 38.5 pic.twitter.com/lhDbMo3zQV

— 𝕮𝖍𝖎 🛢️ (@chigrl) April 23, 2020