(IHS Markit) The US Services PMI was registered at 56.5 in February, an increase from 51.3 in January amid strong demand conditions. The expansion in service business activity reflected a…
(Department of Labor) US jobless claims were posted at 215,000 in the week to February 26, down by 18,000 from the previous week. The claims were below estimates of 225,000.…
(Eurostat) The euro area unemployment rate was 6.8% in January, declining from 7.0% in the previous month, and 8.3% in the comparable month of 2021. In the EU, unemployment was…
(HIS Markit) China’s Business Activity Index was recorded at 50.2 in February, a decline from 51.4 in January, marking the softest expansion since September. The slowdown in the service activity…
(ADP National Employment) US private sector showed accelerated hiring in February, adding 475,000 jobs and surpassing estimates of 378,000. Large businesses generated the bulk of jobs, with a total of…
(CoinDesk) The European Union has voted to prohibit access to the SWIFT system by seven Russian banks. The move will become effective on March 12, 2022, with the bloc using…
(Nationwide) The average house prices in the UK rose past 260,000 pounds in February, a record, after a 1.7% increase on a monthly basis from January. On an annual basis,…
(IHS Markit) The US Manufacturing Purchasing Managers’ Index was recorded at 57.3 in February, accelerating from 55.5 in January. The increase in manufacturing activity reflected a sharper rise in new…
(Target) Target Corporation stock rose 13% as its revenue in the fourth quarter of 2021 improved by 9.4% to $30.996 billion. Following the quarterly revenue increase, the total sales in…
(FT) The Ukraine finance ministry says it plans to float a “war bond” to raise funds for its defense forces as it wrestles the Russian invasion. The government, through the…
(NBS) China’s manufacturing purchasing managers’ index improved to 50.2 in February, surpassing estimates of 49.8. The gains in manufacturing happen amid several measures to boost liquidity by the Chinese government,…
(Bloomberg) The Bank of Russia has increased its interest rate to 20% from 9.5% as it rushes to shield the economy from the impacts of sanctions imposed by the West. …