A private survey reports that Chinese export-oriented factory activity slowed in March, diverging from official government data that indicated manufacturing improvements. #China #MarketClosed #IranWar
China's manufacturing PMI for March was 50.8, missing market expectations of 51.6. The figure represents a decline from the previous month's reading of 52.1. #China #MarketClosed #Stocks
Mitsubishi Materials has restarted its rare earth recycling operations in Japan. The company initiated the move following a reduction in rare earth exports from China. #China #MarketClosed
Canada reports modest economic growth for the month of January, according to official data. #Canada #MarketClosed
Gold futures have exceeded $4,750 per troy ounce on the COMEX exchange. This is the first time the price has reached this level since March 19. #Gold #MarketClosed
The Korea Exchange has activated a sidecar mechanism after KOSPI 200 futures rose by 5%. Program trading is suspended for 5 minutes. #Stocks #MarketClosed
New car registrations in France increased by 12.86% year-on-year in March, totaling 173,633 vehicles, according to the PFA. #France #MarketClosed
Colombia Finance Minister German Avila abruptly left Tuesday’s central bank board meeting, where officials were widely expected to increase interest rates, a ministry official confirmed. #MarketClosed #Colombia
Japanese Prime Minister Takaichi and French President Macron are set to sign a bilateral agreement regarding rare-earth materials, according to a report from Nikkei. #Japan #France #MarketClosed
Wells Fargo Securities reports that economic and market damage resulting from the war in Iran is limiting potential gains for U.S. stocks this year. #Stocks #MarketClosed
The Reserve Bank of India has extended its interest subvention scheme for export credit until June 30, 2026. The central bank cited ongoing geopolitical tensions in the Middle East as the reason for the extension of the relief measures. #India #MarketClosed #Inflation
Gulf oil exports have dropped from 12.3 million to 7.8 million barrels per day following a disruption in the Strait of Hormuz on February 27. The decline has resulted in $15.2 billion in lost oil revenue for Gulf nations. #Oil #MarketClosed
Russia has discovered new lithium reserves for the first time in over 20 years, according to Dmitry Patrushev at a Rosnedra board meeting. The material is cited as an essential component for high-tech industrial manufacturing. #Russia #MarketClosed
HSBC projects U.S. non-farm payrolls fell by 92,000 in February, following a 126,000 gain in January. The unemployment rate is forecast to rise to 4.5% from 4.4%, with average hourly earnings expected to increase 0.3% monthly and 3.7% annually. #US #MarketClosed #Inflation
EU Energy Commissioner Jorgenson reports that the war in Iran has increased the European Union's fossil fuel import costs by 14 billion euros this year. #Iran #Oil #MarketClosed
William Hill owner plans to close 200 betting shops in the UK following new gambling sector regulations introduced by Chancellor Rachel Reeves. The company states the move puts a significant number of jobs at risk. #UK #MarketClosed
UK stock market indices are on track for their largest monthly decline since 2020. The downturn is being driven by concerns surrounding the conflict in the Middle East. #Stocks #UK #MarketClosed
The U.S. private-sector hiring rate fell to 3.3% in February, the lowest level since February 2010. Data indicates that while hiring has slowed, the layoff rate remains steady at low levels. #US #MarketClosed #Inflation
US consumer confidence unexpectedly rose in March, driven by more optimistic perspectives on business and labor market conditions. #US #MarketClosed #Inflation
US job market data for February shows 0.9 vacancies for every unemployed worker, near the current business cycle low. January job openings were revised upward, though the three-month moving average continues a gradual decline. #US #MarketClosed #Inflation
The parent company of ClassPass and Mindbody has completed a merger valued at $7.5 billion. #MarketClosed #Stocks
Private equity-owned companies in the U.S. borrowed $94 billion in leveraged loans and high-yield bonds last year to fund payouts to owners, according to a Moody's analysis. The report notes that this borrowing increases risk to the businesses. #US #MarketClosed #Stocks
The U.S. Bureau of Labor Statistics reports that hiring decreased in February, while job openings and total separations remained largely unchanged. #US #MarketClosed #Fedware
Wall Street opened higher as investors expressed optimism regarding potential de-escalation in the Middle East. Despite the gains, the market remains on track for monthly losses. #Stocks #MarketClosed
The MNI Chicago Purchasing Managers' Index (PMI) for March was reported at 52.8, missing the estimated 54.8 and falling from the previous month's 57.7. #Stocks #MarketClosed #US
IEA member countries have initiated the largest release of oil stocks in the organization's history. The action is a response to market disruptions caused by conflict in the Middle East. #Oil #MarketClosed
The S&P CoreLogic Case-Shiller 20-City home price index rose 0.2% in January, missing the 0.35% estimate. Year-over-year growth was 1.2%, falling short of the 1.38% forecast. #US #Stocks #MarketClosed
The US Federal Housing Finance Agency reports that house prices rose 0.1% in January. The figure matches both market estimates and the growth rate recorded in the previous month. #US #Fedware #MarketClosed
Novo Nordisk India has reduced prices for its weight-loss and diabetes medications. The company cited increased competition from generic drug manufacturers in India, which is the world's third most overweight country. #India #MarketClosed
Statistics Canada reports a 0.2% growth in the national GDP for February, according to the agency's latest flash estimate. #Canada #MarketClosed