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...It’s a test of nerve nonetheless, with few guiding lights to rely on. katie.martin@ft.com...
...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....
...Second of all, if you buy the S&P on a kind of index basis, you’re buying an index that’s pretty much at a record high....
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...And since then we’ve been flat and maybe a little bit down. Nvidia’s off 10 per cent from the peak. The S&P is off 3 per cent. That’s not a sell-off, right? That’s caution....
...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”....
...big index like the S&P 500....
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...We were a huge leading indicator for chatter about the Mag Seven. So Google, Microsoft investors, you’re welcome. I’m long. Katie Martin Yes....
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...For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer Follow Ethan Wu (@ethanywu) and Katie Martin (@katie_martin_fx) on X....
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