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MADRID (Reuters) – Growth in Spain’s services sector slowed in March as uncertainty weighed after Russia invaded Ukraine, truckers went on strike and energy costs climbed, a survey showed on Tuesday. S&P Global’s Purchasing Managers’ Index (PMI) of activity in the services sector, which accounts for around half of Spain’s economic output, fell to 53.4 …

Spanish March service activity slows on war uncertainty, trucker strike -PMI Read More »

A look at the day ahead in markets from Dhara Ranasinghe. Even the most dovish central banks are now caving in, and accepting the need to act against persistent inflation. The latest case in point is the Reserve Bank of Australia. Earlier on Tuesday, the RBA opened the door to its first interest rate hike …

Marketmind: The flight of doves Read More »

(Reuters) – Russia’s services sector activity shrank in March at the fastest rate since May 2020 when the COVID-19 pandemic hit, due to a slump in client demand and new orders, a business survey showed on Tuesday, with those surveyed citing “greater economic and geopolitical uncertainty”. The S&P Global purchasing managers’ index (PMI) slid to …

Russian services sector shrinks in March at fastest pace since May 2020 – PMI Read More »

DUBAI (Reuters) – Saudi Arabia’s non-oil private sector kept up its solid pace of growth in March as output expanded at the fastest rate in over four years, a survey showed on Tuesday. The headline seasonally adjusted S&P Global Saudi Arabia Purchasing Managers’ Index (PMI) for the whole economy rose to 56.8 in March from …

Saudi non-oil private sector keeps up solid growth in March – PMI Read More »

ATHENS (Reuters) – Greece has paid off the final tranches of bailout loans owed to the International Monetary Fund earlier than expected, the finance ministry said on Monday. Greece has received three international bailouts from the euro zone and the IMF worth 280 billion euros ($307.19 billion) since 2010. It emerged from its latest bailout …

Greece pays off final tranches of IMF loans Read More »

By Susan Mathew (Reuters) – European shares gave up early gains to trade flat on Monday with investors keeping an eye out for more Western sanctions after Ukraine accused Russia of war crimes. The pan-European STOXX 600 index was trading flat, as losses in banks and some industrial stocks partially countered upbeat healthcare stocks. Germany …

European shares flat amid push for tougher sanctions on Russia Read More »

(Reuters) – The Russian rouble eased in early trade on Monday, heading away from a near five-week high against the dollar it touched last Friday, while the MOEX benchmark stock index climbed higher to levels seen before Russia sent thousands of troops into Ukraine. The market was eyeing developments around what Russia calls “a special …

Russian rouble eases, stocks up on talk of new sanctions Read More »

A look at the day ahead in markets from Saikat Chatterjee Is this 2000? Or 2006 or even 2019? Financial markets in the last two weeks have had analysts reaching for the history books to explain a vigorous stock market rally and rising short-dated government bond yields. And while some of the analyses can get …

Marketmind:Rhyming but not repeating Read More »

LONDON (Reuters) – U.S. two-year Treasury yields climbed to their highest level since early 2019 on Monday, continuing to push higher on expectations that the Federal Reserve will deliver bigger rate hikes in the months ahead to tame inflation. U.S. bond yields were higher across the curve, with two-year yields rising to as high as …

Two-year U.S. Treasury yields climb to new high Read More »