Germany and France reported strong PMI figures

Germany and France picked up momentum in February, boosting eurozone PMI to 53.5 this month, up from January's 52.6. Markit's German composite Purchasing Managers Index rose to its best in seven months, increasing to 54.3 from 53.5, while France also reported strong figures. The country's composite services PMI score rose to 52.2 from 49.3 in January, its strongest gain in three and a half years.