UK manufacturing PMI hit 51.7 in February, below the 52 forecast, still indicating modest sector growth.
Brent briefly hit $82.37 as Hormuz tanker traffic stalled, adding risk premiums and amplifying global supply concerns.
Greece’s S&P Global Manufacturing PMI edged up to 54.4 in February, signaling continued improvement in factory conditions.
HSBC notes policy uncertainty rising amid trade and Fed headlines, while volatility low and markets rotate.
Germany’s HCOB Manufacturing PMI rose to 50.9 in February, beating the 50.7 forecast, signaling expansion.
France’s HCOB Manufacturing PMI rose to 50.1 in February, beating forecasts and signaling modest expansion.
Austria’s unemployment rate dropped to 8.3% in February, improving from 8.8% in the previous period.
Gold climbs as Middle East tensions boost safe-haven demand; markets volatile, oil-linked inflation and yields key.
Switzerland’s SVME PMI fell to 47.4 in February, missing forecasts of 50, signaling business contraction.
Gold hits $5,400 as Iran strike and Hormuz closure boost safe-haven demand amid rising US inflation.
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