Germany's business activities will be high as a rebound in manufacturing
Germany's business activities grew at the fastest rate in 10 months in March, and for the first time in nearly two years, supported by its manufacturing sector. investigation.
The German purchasing manager index collected by S&P Global increased to 50.9 in March, up from 50.4 in February. Readings above 50 indicate an extension. Meanwhile, manufacturing production rose to 52.1 in March, up from 48.9 in February.
The production index was still in the shrinkage area, but increased from 46.5 in February to 48.3. However, the services sector has dropped from 51.1 the previous month to 50.2.
The growth in the manufacturing sector was fixed in response to strong demand, along with a slight increase in new orders since March 2022.
“First quarter economic growth looks promising, with compound PMIs exceeding the monthly expansion threshold,” said Cyrus de la Rubier, chief economist at Hamburg Commercial Bank. “Thanks to the fiscal package, this could mark the beginning of a more sustained recovery.”
German parliament voted in favor of a major fiscal package last week.
Ruvia said the rise in manufacturing production in the five months of the past six months could be due to US tariff concerns.
“It could be linked to the import boom from the US, where businesses are filming goods from overseas ahead of the looming tariffs. If so, we could have seen a bit of a set-off as those tariffs began,” he added.
– Sawdah Bhaimaya
The Bank of England may raise prices again by the end of the year, Wellington management says
Paul Skinner, investment director at Wellington Management, said the Bank of England could be raising fees again by the end of the year amid sustained service inflation and wage growth.
“We think it may be low right now, but by the end of this year, the UK could potentially raise interest rates again,” Skinner told CNBC's Squawk Box Europe on Monday, referring to BOE's recent decision to stabilize interest rates in March and keep the central bank benchmark rate at 4.5%.
“If you look at what we have in the UK, there's 6% wage growth in all sectors, 5% service inflation, the Bank of England is raising GDP, will they really cut interest rates?”
Skinner pointed out that the UK is structurally in a “more inflationary environment,” and questioned the BOE's response.
“The Bank of England has not been an inflationary fighter for the past decade, so if there is a long edge of the yield curve of gold leaf tips, it will be the Bank of England, not Rachel Reeves' fault,” he added.
– Sawdah Bhaimaya
Turkish stock index opens slightly higher after mass protests over the weekend
The Turkish benchmark BIST 100 index has recouped some of the dramatic losses last week after the controversial arrest of Mayor Iklem Imamogur, who opened about 3% higher in Istanbul and is considered a strong political rival to Turkish President Recep Eldogan.
The index has fallen 14.4% from the previous week.
The Turkish lira traded dollars and dollars at 37.772 around 11am local time, with greenback rising by about 1% in Turkish currency.
– Natasha Tulak
The White House reportedly plans to narrow down Trump's April 2nd tariffs
The White House plans to issue a smaller tariff on April 2nd than previously expected. Wall Street Journal Report On Sunday, he quoted the administrative authorities.
The previously announced mutual obligations are expected to be announced on April 2nd, the report said there is likely no sector-specific obligations that President Donald Trump aimed at sectors such as automobiles, medicines and semiconductors.
– Brian Evans
European Market: Opening Calls are as follows
The European market is expected to open in positive territory on Monday.
UK FTSE 100 The index is expected to open 14 points higher at 8,667 Germany Dachshund France's 22,966 rises by 83 points CAC 8,057 and 9 points for Italy ftse mib According to IG data, 38,391 is 171 points higher.
Traders will focus on index (PMI) data for reserve purchase managers in the UK, France, Germany and the Eurozone to obtain measures of business activity in the regional manufacturing and services sectors.
– Holly Eliatt
