Business activity in the eurozone unexpectedly contracted in November, primarily due to a decline in the services sector, with the Composite PMI dropping to 48.1. The services sector fell into contraction for the first time in 10 months, while manufacturing continued its slump. Inflationary pressures resurfaced, posing challenges for the ECB. Germany and France, the largest eurozone economies, reported significant contractions, with political uncertainties exacerbating the situation. The euro and bank stocks fell sharply in response to the economic downturn. Teljes cikk (Euronews.com)