Italian Industrial Production YoY (Jan) Y/Y -0.6% (Prev. 3.2%)
The latest Italian industrial production data shows a year-over-year decline of -0.6% for January, a significant drop from the previous reading of 3.2%.
China February YTD Aggregate Financing (CNY) 9.6tln (exp. 9.245tln); New Yuan Loans 5.61tln (exp. 5.576tln); M2 Money Supply 9% Y/Y (exp. 8.9%)
US President Trump told G7 leaders in a virtual meeting Wednesday that Iran is "about to surrender," according to three officials from G7 countries briefed on the contents of the call, Axios reports
Italian Industrial Production YoY (Jan) Y/Y -0.6% (Prev. 3.2%)
Aspex, the 2nd largest shareholder of Delivery Hero (DHER GY), is pushing the Co. to sell certain units or they will potentially look into pushing for a leadership change, Bloomberg reports citing a letter
[MARKET UPDATE] Crude eases from best with WTI now U/C on the day, a pullback that has lifted equity futures off lows, assisted fixed and paused the USD's advance
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This miss indicates potential weakening in the manufacturing sector, which could raise concerns about Italy's economic momentum and influence expectations for future ECB policy initiatives.
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