BEIJING, March 3 Reuters Activity in China39;s services sector expanded at the fastest pace in six months in February as the removal of tough COVID19 restrictions revived customer demand, driving a solid increase in employment, a private sector survey showed on Friday. The CaixinSP Global services purchasing managers39; index PMI rose to 55.0 in February […]

Exports rose more than expected in January Trade no longer strong growth driver analyst Trade balance showed surplus of 16.7 bln eur BERLIN, March 3 Reuters German exports rose more than expected in January, increasing 2.1 on the month to bounce back from the prior month39;s slump thanks to strong demand from the United States […]

March 3 Reuters Morgan Stanley and two other investment banks have revised their forecasts for the European Central Bank39;s terminal rate the level at which its key interest rate will peak to 4 as inflationary pressures weigh. Data this week showed a surprise surge in underlying inflation across the 20nation euro zone. The revisions also come on […]

BERLIN, March 3 Reuters German services sector activity rose in February for the second consecutive month, demand recovered and optimism rose, a survey showed on Friday. SP Global39;s final services Purchasing Managers39; Index PMI rose to 50.9 in February from 50.7 in January, remaining above the 50.0 threshold that separates growth from contraction. After contracting […]

BRUSSELS, March 3 Reuters Euro zone producer prices fell by more than expected in January, although entirely due to falling energy prices as the charges for all other goods rose. EU statistics office Eurostat said on Friday that prices at factory gates in the 20 countries sharing the euro declined by 2.8 monthonmonth in January […]