Canadian S&P Global Manufacturing PMI (Mar) 50.0 (Prev. 51.0)
The Canadian S&P Global Manufacturing PMI for March came in at 50.0, down from the previous 51.0, indicating a deceleration in manufacturing activity.
Russia says Iran has agreed to let some ships pass through the Strait of Hormuz
Nike (NKE) CEO reportedly told staff that "we have got work to do", amidst stalled turnaround plans
Canadian S&P Global Manufacturing PMI (Mar) 50.0 (Prev. 51.0)
Ryanair (RYA ID) CEO says he is unsure if fuel rationing would achieve anything, but it would portend that this will be a long term issue
Fed's Barr (voter) says inflation has been brought down from 2022 highs to about 3% today, but emphasises the Fed has more work to do to get it down to 2% via continued rate adjustments
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This suggests the sector is stagnating, which could have implications for economic growth forecasts and potentially influence monetary policy if weakness persists.
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