The Horrifying Endgame in Ukraine

Weather & Weak Demand Drive US PMIs Down To 10-Month Lows In February, But... While 'hard' data has been fading modestly in recent weeks, 'soft' survey data has bounced back but today we get a first glimpse at February's PMIs from S&P Global to see if that survey-based confidence is continuing. It is not as both Manufacturing and Services PMIs dropped notably., Flash US Services PMI Business Activity Index: 52.3 (January: 52.7). 10-month low. Flash US Manufacturing PMI: 51.2 (January: 52.4). 7-month low.    Source: Bloomberg Overall that dragged the US Composite PMI down...

Israeli forces killed at least 12 Palestinians in Gaza on Sunday, according to the enclave’s rescue agency, as the IDF continues killing Palestinians in the Strip despite the US-backed ceasefire deal. Gaza’s Civil Defense said that one Israeli strike hit a tent sheltering displaced Palestinians in Jabalia, northern Gaza, killing at least five people. Another […]