UK Construction Sector Rebounds in February PMI

LONDON, March 6 Reuters British construction activity grew at its fastest pace in nine months in February after two months of declines, as a rebound in commercial work and civil engineering helped offset a continued fall in housebuilding, a survey showed on Monday. The SP GlobalCIPS UK Purchasing Managers39; Index PMI for the construction sector […]
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Oil Down on China Outlook, Spotlight on Possible Rate Hikes

China39;s growth outlook down from last year39;s target Fed Chair to testify to Congress on rate hikes this week U.S. February jobs report also in focus LONDON, March 6 Reuters Oil prices slipped on Monday after China set a lowerthanexpected target for economic growth this year at around 5, and as investors cautiously awaited U.S. […]
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Stock Pickers Reckon its Time to move on from Central Banks

LONDON, March 6 Reuters Stock market investors are calling time on the idea that the Federal Reserve, and other major central banks, have their back. Hopes for interest rate cuts by yearend have evaporated, given resilient data and sticky inflation, suggesting central banks will instead be inclined to keep borrowing costs around their highest since […]
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