Italian Current Account (Feb) 3654M (Prev. -1785M)
The significant turnaround in Italy's current account from a deficit of -1785 million to a surplus of 3654 million in February is notably positive.
Chinese scientists have reportedly developed diamond coating, which could improve cooling efficiency of AI data centeres by around 80%, SCMP reports
China has reportedly fined 7 e-commerce platforms for CNY 3.6bln over food delivery scandal, state TV reports; companies include Pinduoduo (PDD), Meituan (3690 HK) and JD.com (9618 HK)
Italian Current Account (Feb) 3654M (Prev. -1785M)
IRNA states that security and traffic measures have been intensified in Islamabad, preparing itself for a major international event, while highlighting that Pakistani officials have not yet confirmed or denied any negotiations, Iran International reports
Shanghai weekly copper inventories: 240.5k (prev. 266.5k)
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This could imply improved trade balances and may influence perceptions of Italian economic stability, potentially affecting Euro valuation and monetary policy considerations in the Eurozone. The magnitude of this shift is meaningful and warrants attention from fixed income and equity investors alike.
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