Spanish S&P Global Manufacturing PMI (Apr) 51.7 vs. Exp. 49.5 (Prev. 48.7)
The Spanish S&P Global Manufacturing PMI for April came in at 51.7, significantly above expectations of 49.5 and the previous reading of 48.7.
Swiss procure.ch Manufacturing PMI (Apr) 54.5 vs. Exp. 53.5 (Prev. 53.3)
Iran’s Foreign Ministry Spokesperson Baghaei says that the US has a hard time quitting its maximalist demands
Spanish S&P Global Manufacturing PMI (Apr) 51.7 vs. Exp. 49.5 (Prev. 48.7)
EUROPEAN OPEN: Trump threatens EU automakers with 25% tariffs; TKA GY and Jindal pause steel stake talks; REC IM takeover draws GBL and CVC interest; GME offers to buy EBAY for USD 56bln; UCB BB acquires IMIDomics patient insight business
European Movers: ThyssenKrupp (TKA GY) +0.4%, Recordati (REC IM) +0.4%, BMW (BMW GY) -2.00%, Stabilius (STM GY) -1.8%, Volkswagen (VOW3 GY) -1.8%, Stellantis (STLAM IM) -0.7%
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This stronger-than-expected print suggests a rebound in manufacturing activity, which could imply improving growth prospects for the region and have implications for the broader European economic outlook and ECB policy considerations.
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