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...But Schnabel said there were signs of “a turnaround” in economic activity in the latest survey of purchasing managers by S&P Global and in Citigroup’s Economic Surprise index....
...Jeffrey S Merrifield and his team at Pillsbury topped the energy transition category in the FT’s 2023 North America Innovative Lawyers Awards...
...Growth in the eurozone’s services sector offset weakness in manufacturing to lift S&P Global’s monthly gauge of corporate activity to its highest level for almost a year....
...The rest of the eurozone “saw the best performance . . . despite growth slowing slightly”, S&P said....
...S&P Global’s flash eurozone composite purchasing managers’ index, which measures business activity across the bloc, rose to an eight-month high of 48.9 this month, up from 47.9 in January....
...Companies continued to add jobs for a third consecutive month, albeit at “only a very modest pace”, S&P said....
...S&P Global’s flash eurozone composite purchasing managers’ index, which measures businesses activity across the bloc, rose to a nine-month high of 49.9, up from 49.2 a month earlier....
...Diego Iscaro, economist at S&P Global Market Intelligence, said March’s fall in headline inflation “may raise expectations for a rate cut later this month”....
...S&P Global’s flash eurozone composite purchasing managers’ index rose to an eight-month high of 48.9, up from 47.9 a month earlier. Economists polled by Reuters had forecast a smaller rise to 48.5....
...S&P Global’s flash eurozone composite purchasing managers’ index, a measure of business activity across the bloc, rose slightly to 47.9, up from 47.6 a month earlier, after an improvement in manufacturing...
...Eurozone businesses were still struggling with weak demand at the start of this year, according to a survey of purchasing managers released by S&P Global last week, which found activity continued to decline...
...France has not managed to achieve a surplus in its primary budget that excludes interest costs since 2008 and rating agency S&P Global this week forecast that on this measure its deficit would remain one...
...Businesses reported the steepest rise in selling prices since last May, mainly because of higher labour costs as wages rise, S&P said....
...Economic data: S&P Global publishes US services purchasing managers’ indices and we also get November jobless claims from private sector payroll services provider ADP....
...The S&P Global PMI index was revised up last week but that left it unchanged at 47.6, remaining well below the 50-mark that separates contraction from expansion....
...S&P said its survey of purchasing managers signalled the fastest decline in business activity since the pandemic hit in 2020....
...Services companies reported the fastest increase in their selling prices since July despite a cooling of input cost inflation, S&P said....
...S&P Global’s monthly survey of purchasing managers across the eurozone found an easing in the pace of decline of new orders and output....
...Companies are also passing on rising labour costs via their sharpest price increases for many months, according to an S&P Global poll....
...S&P Global’s closely tracked survey of purchasing managers across the single currency zone found evidence of an easing in the recent decline of new business orders, backlogs of outstanding work and output...
...political and geopolitical risks, the greatest endogenous threat to the eurozone economy would be a slump in the labour market,” said Sylvain Broyer, chief European Middle East and Africa economist at S&...
...So why, asks Martin Arnold, is the ECB expected to leave interest rates at a record high when its governing council meets today?...
...Jeffrey Roach, chief economist for LPL Financial, described Powell as “inching toward the dovish camp.”...
...The S&P 500 and the Nasdaq Composite stock indices both fell 0.6 per cent in New York, their worst day in two weeks....
...S&P Global said the fifth consecutive monthly decline in eurozone business activity was the steepest since November 2020....
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