Market sentiment has improved following a deluge of data and earnings announcements on both sides of the Atlantic. In Europe, CPI updates from major eurozone economies came in stronger than expected, raising questions about the European Central Bank’s (ECB) ability—or immediate need—to continue cutting rates. The eurozone economy grew by 0.4% in Q1 – dim […]
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UK PMI Services rose modestly from 49.0 to 50.2, while Manufacturing PMI edged lower from 45.4 to 45.1. As a result, the Composite PMI ticked up from 48.5 to 49.4, still below the 50-mark that Read more…
Germany’s Ifo Business Climate Index rose to 87.5 in May, up from 86.9 in April, offering cautious optimism that the economy may be stabilizing. The improvement was driven by a notable rise in the Expectations Read more…
Eurozone’s private sector returned to contraction in May, with PMI Composite falling from 50.4 to 49.5, a six-month low. The drag came from the services sector, where the PMI dropped from 50.1 to 48.9, its Read more…