Business activity across the eurozone slowed sharply in May, hitting its lowest level in more than two and a half years.

Germany's flash Composite PMI fell to 48.3 in April, marking a second straight month of private-sector contraction as the Iran-Middle East conflict hammers services.

Euro-zone composite PMI drops below 50 for second straight month, hitting a 2.5-year low. ECB rate cut expectations grow, with implications for crypto markets.