UK S&P Global Services PMI Flash (Mar) 51.2 vs. Exp. 53 (Prev. 53.9, Low. 50.0, High. 53.8)
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Kpler Insight notes that Iran’s crude export system remains resilient, with March loadings near 2mln BPD; Kharg Island accounts for about 1.6mln BPD and remains operational after recent strikes
ECB Supervisory Board member Machado notes the ECB is surveying a broad group of banks on synthetic risk transfer financing, including whether significant banks are funding investors in SRTs originated by other banks
UK S&P Global Services PMI Flash (Mar) 51.2 vs. Exp. 53 (Prev. 53.9, Low. 50.0, High. 53.8)
Saudi Arabia reportedly told the US it was ready to strike Iran if its own power and water facilities were targeted by Iran, according to reports citing sources
Xiaomi (1810 HK) Q4 (CNY): Revenue 116.92bln (exp. 116.3bln). Adj. Net 6.35bln (exp. 5.78bln). In 2025, global smartphones reached 165.2mln units, smartphone revenue 186.4bln
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Context
The UK S&P Global Services PMI Flash for March came in at 51.2, below expectations of 53 and a decrease from the previous print of 53.9. This miss signals a potential slowing in the services sector, suggesting weaker growth momentum, which could have implications for future monetary policy and the overall economic outlook.
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