- Markit's flash U.S. Manufacturing PMI edged marginally higher during March, printing 51.4 (exp: 51.9) from February's 28-month low of 51.3. Gains to rates of output, new business and employment growth helped support the print higher, while pre-production inventories weighed upon the figure.
- House prices in the U.S. ticked +0.5% higher MoM during January (exp:+0.5%), matching December's upwardly revised print (prev: +0.4%)
- The Richmond Fed Manufacturing Index surged to its highest level since April 2010 during March, printing 22 (exp: 0) from -4 previously.
- Equity markets in the U.S. eased marginally overnight after paring early session gains following a soft open. The DJIA gave back -0.23%, while the S&P 500 eased -0.09%.
- The IFO reported business sentiment improved in Germany during March, with their business climate index moving to 106.7 (exp: 105.9) from 105.7 previously. The print was the first gain in four months.
- Markit's flash Composite PMI for the Eurozone increased to 53.7 from 53.0 during March, while in Germany the index held at 54.1 over the same period.
- Equity markets in Europe closed mixed overnight as the horrible events in Belgium dominated headlines. The FTSEurofirst 300 eased -0.12% as travel and leisure stocks were sold, while the German Dax out-performed to add +0.42% after recovering from a weak opening and the UK FTSE 100 closed +0.13% higher.
- Energy markets saw an early New York rally reversed late in trade to send WTI around -0.6% lower, while Brent crude close flat for the session.
Reference: MKS News
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