Financial News

Americas Roundup: Dollar steadies after U.S. healthcare bill pulled, Oil rises in late trade, still down on the week as glut weighs-March 25th, 2017

Market Roundup

• US Feb durable goods 1.7% V 1.2% forecast, 2.3% previous, core -0.1% v 0.6% forecast, 0.1% previous.

• US Markit Svcs PMI flash Mar 52.9 v 54.2 forecast, 53.8 previous, Mfg PMI flash 53.4 v 54.8 forecast, 54.2 previous.

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French Composite Output Index hits 70-month high, signal solid growth for first quarter

Flash data from IHS Markit on Friday showed that France private sector extended gains a ninth consecutive month in March. The Markit Flash France Composite Output Index registered 57.6, compared to February’s reading of 55.9, the sharpest rate of growth since May 2011.

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ECBs Praet reiterates low rates, says no risks to eurozone financial stability from Brexit

ECB chief economist Peter Praet speaking in Sole stood by the ECB's pledge to keep interest rates low well past the end of its bond purchase programme. The exact meaning and length of "well past" would be decided by the Governing Council in "due course", he said.

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UK BBA mortgage approvals miss expectations, slip to 42,613 in February

The pressure on U.K. housing market seems to be building as evidenced by lower mortgage approvals data published by the British Banking Association's monthly report on Friday. Data showed that British banks approved a smaller number of mortgages in February and consumer credit growth slowed slightly despite a jump in credit card borrowing.

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Eurozone composite PMI beats expectations, close to 6-year high in March

Eurozone economic growth gathered further momentum in March, bolstering optimism over the region in the face of Brexit. Businesses across the euro zone ramped up activity at the fastest pace in almost six years, a survey by IHS Markit showed.

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