Swiss services sector contracts deeper than expected.

Latest November PMI reading hit 45.3, sliding from October's 47.8. Markets watch closely as this marks the sector staying below the critical 50 threshold—signaling continued contraction in one of Europe's key financial hubs.

The worse-than-anticipated figure could ripple through crypto markets, especially for Euro-pegged stablecoins and DeFi protocols with European exposure.

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BlockchainArchaeologist

· 2h ago

45.3? Damn, that's a serious drop. The European financial center can't hold on anymore.

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ZenZKPlayer

· 8h ago

Switzerland really dropped the ball this time. Can 45.3 keep dropping? The euro stablecoin is probably trembling in fear as well.

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NotSatoshi

· 8h ago

The Swiss economy is struggling again, are stablecoins scared? Ha

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BlockDetective

· 8h ago

The Swiss economy is underperforming again, and now even stablecoins are feeling the pressure.

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RektRecovery

· 8h ago

ngl, called this one months ago... swiss financial hub imploding while everyone was still shilling euro stablecoins lmao. 45.3 pmi? that's not a dip, that's the canary in the coalmine singing its final tune. defi protocols with eu exposure are gonna get absolutely wrekt, and tbh the forensics on this will be *chef's kiss*

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ContractBugHunter