EU HCOB Services PMI Flash (Feb) 51.8 vs. Exp. 51.9 (Prev. 51.6, Low. 51.4, High. 52.3)
The EU HCOB Services PMI flash for February printed at 51.8, slightly missing expectations of 51.9 but still representing an improvement from the previous reading of 51.6.
UK S&P Global Composite PMI Flash (Feb) 53.9 vs. Exp. 53.3 (Prev. 53.7, Low. 52.8, High. 53.9)
UK S&P Global Manufacturing PMI Flash (Feb) 52.0 vs. Exp. 51.5 (Prev. 51.8, Low. 51, High. 52.5)
EU HCOB Services PMI Flash (Feb) 51.8 vs. Exp. 51.9 (Prev. 51.6, Low. 51.4, High. 52.3)
Iranian Oil Minister says cooperation with the US on oil is possible
German HCOB Composite PMI Flash (Feb) 53.1 vs. Exp. 52.3 (Prev. 52.1, Low. 51.8, High. 52.7)
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This marginal miss might suggest moderate resilience in the services sector, but it does not signal a strong change in the economic outlook, which could keep the European Central Bank's current policy stance intact in the near term.
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