French S&P Global Manufacturing PMI Flash (Apr) 52.8 vs. Exp. 49.5 (Prev. 50.0, Low. 48.8, High. 50)
The French S&P Global Manufacturing PMI coming in at 52.8 significantly beats expectations of 49.5, indicating stronger-than-anticipated growth in the manufacturing sector.
EUROPEAN OPEN: RNO FP revenue rises despite adverse weather impact; STMPA FP reports higher sales on strong AI demand; OR FP sales rise on US/EM growth; ROP SW sales fall on copycat competition and FX; NESN SW sales beat, guidance maintained
China's He says MOFCOM advises Chinese firms to seek a refund of US tariffs; US tax refund measures are a positive step in correcting mistakes
French S&P Global Manufacturing PMI Flash (Apr) 52.8 vs. Exp. 49.5 (Prev. 50.0, Low. 48.8, High. 50)
[RE-RUN] Sources familiar with Trump admin's moves say "the next stages have already been set"; "After the ceasefire ends, an overwhelming military strike is expected to go ahead, with even greater force than the one the US has inflicted on Iran so far"
European Movers: STMicroelectronics (STMPA FP) +9.3%, Nestle (NESN SW) +5.0%, WH Smith (SMWH LN) -14.5%, J Sainsbury (SBRY LN) -6.7%, Legal & General Group (LGEN LN) -6.5%, Fresnillo (FRES LN) -5.5%, Essilorluxottica (EL FP) -3.9%
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This upside surprise not only reinforces the resilience of the French economy but could also influence ECB rate considerations, as it reflects positive underlying economic momentum amid broader European trends.
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