EU S&P Global Services PMI Final (Mar) 50.2 vs. Exp. 50.1 (Prev. 51.9)
The final reading of the EU S&P Global Services PMI for March came in at 50.2, slightly above expectations of 50.1 but notably down from the previous month's 51.9.
Swiss Sight Deposits (CHF) (w/e 3rd April): Total 464.3bln (prev. 460.9bln), Domestic 429.9 (prev. 433bln)
China gold reserves at end-March (USD) 342.76bln (prev. 387.59bln)
EU S&P Global Services PMI Final (Mar) 50.2 vs. Exp. 50.1 (Prev. 51.9)
German S&P Global Services PMI Final (Mar) 50.9 vs. Exp. 51.2 (Prev. 53.5)
German S&P Global Composite PMI Final (Mar) 51.9 vs. Exp. 51.9 (Prev. 53.2)
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This uptick relative to expectations may offer a modest positive sentiment, yet the significant drop from last month suggests a cooling in the services sector, which could raise questions about economic momentum and future policy directions.
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