European Stocks Can't Hold On to Early Gains

The video discusses recent market changes, highlighting a rise driven by strong eurozone data and political news. Cobham's shares fell significantly due to profit warnings, while Syngenta's shares dropped over regulatory concerns with Chemchina's merger. The euro experienced a losing streak, with speculators increasing bearish bets. PMI data showed economic growth, despite euro depreciation.

How has the euro's performance changed recently according to the text?

What does the PMI data indicate about the economic momentum this year?