US February ADP employment +63K vs +50K expected
Prior was +22K (revised to +11K) Goods +16K versus +1K last month Service +47K versus +21K last month Small business +60K vs 0K prior Medium businesses -7K vs +41K last month Large…
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Iran operatives have secretly made offer to discuss terms for ending the war – NYT
The New York Times reports that despite publicly refusing to negotiate with President Trump over the ongoing U.S. and Israeli military campaign, Iran appears to have quietly explored the possibility of ending…
Eurozone January PPI +0.7% vs +0.2% m/m expected
Prior -0.3% That’s a notable bump to start the year and even if you exclude energy prices (+1.3%) from the equation, euro area producer prices were still up 0.6% in January. The…
Saudi Aramco’s Ras Tanura refinery struck again by unknown projectile – report
For some context: Saudi Aramco’s Ras Tanura refinery forced to shut down after reported drone attack Even if Iran’s offensive threats appear to be diminishing, they are trying to make the most…
Saudi Aramco’s Ras Tanura refinery struck again by unknown projectile – report
For some context: Saudi Aramco’s Ras Tanura refinery forced to shut down after reported drone attack Even if Iran’s offensive threats appear to be diminishing, they are trying to make the most…
UK February final services PMI 53.9 vs 53.9 prelim
Prior 54.0 Final Composite PMI 53.7 vs 53.9 prelim Prior 53.7 Key findings: Business activity rises for tenth month running in February New order growth loses momentum Job cuts persist amid pressure…
Eurozone February final services PMI 51.9 vs 51.8 prelim
Prior 51.6 Composite PMI 51.9 vs 51.9 prelim Prior 51.3 The euro area economy is seen holding up well to start the year amid improved demand conditions. In particular, Germany looks to…
Germany February final services PMI 53.5 vs 53.4 prelim
Prior 52.4 Final Composite PMI 53.2 vs 53.1 prelim Prior 52.1 Key findings: Employment falls again despite positive business expectations Comment: Commenting on the PMI data, Cyrus de la Rubia, Chief Economist…
Italy February services PMI 52.3 vs 52.0 expected
Prior 52.9 Composite PMI 52.1 vs 51.4 prior Key findings: Weaker rise in new business volumes, despite fresh increase in exports Job creation hits seven-month high as outlook brightens Inflationary pressures increase…
France February final services PMI 49.6 vs 49.6 prelim
Prior 48.4 Composite PMI vs 49.9 prelim Prior 49.1 More to come.. This article was written by Justin Low at investinglive.com.
G7 finance ministers and central bankers to meet early next week
The main purpose of the meeting is to assess the implications of the US-Iran conflict, with Lescure revealing that he had already spoken to US Treasury secretary Bessent and other counterparts. After…
Spain February services PMI 51.9 vs 52.8 expected
Prior 53.5 The headline estimate misses on expectations but still reaffirms an expansion in Spain’s services sector to start the year. That being said, the rate of growth is the weakest since…