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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....
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...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....
...I’m reporter Ethan Wu here in the New York studio, joined from London by markets columnist Katie Martin, who loves complaining about passive investing. Isn’t that right?...
...I’m Katie Martin. Thanks for listening. [MUSIC PLAYING]...
...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....
...Martin P Levy H Blairman & Sons, London SW1, UK...
...Katie Martin. . that comes out every year. It is a doorstopper, yeah. It sort of carves up data going back as far as it can for each....
...Katie Martin(Laughter) This is how I roll, Ethan. I’m a very cool person....
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...So the equal-weighted S&P 500....
...katie.martin@ft.com...
...Katie MartinOne little thought to leave you with here is yes, we’ve got all-time highs in the S&P 500....
...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....
...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...
...Businesses reported the steepest rise in selling prices since last May, mainly because of higher labour costs as wages rise, S&P said....
...As Martin Wolf wrote in 2022: “Just as the financial crisis showed that banking matters, so this inflationary upsurge shows that money matters . . . we cannot steer the economy via the money supply [but]...
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