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WRAPUP 1-US manufacturing activity steady, factory gate inflation surges
Manufacturing PMI little changed at 52.4 in FebruarySteel, aluminum prices as well as tariffs drive up input costsFactory employment remains subdued; businesses not filling open positionsBy Lucia Mutikani WASHINGTON, March 2 (Reuters) - U.S. manufacturing activity grew steadily in February, but a...Reuters
Mon, Mar 2
Italy new car registrations up 14% in February
ROME, March 2 (Reuters) - New car registrations in Italy rose in February by 14% year-on-year to around 157,300 vehicles, transport ministry data showed on Monday.Italian market leader Stellantis STLAM.MI, whose brands include Fiat, Jeep, Peugeot and Chinese joint venture Leapmotor, outperformed the...Reuters
Mon, Mar 2
BREAKINGVIEWS-White House’s Iran war tab will mount quickly
By Gabriel Rubin WASHINGTON, March 2 (Reuters Breakingviews) - President Trump ran on ending wars and now touts efforts to address U.S. citizens’ concerns on affordability. On Saturday, he initiated conflict with Iran that has already shuttered shipping lanes and spiked oil and natural-gas prices...Reuters
Mon, Mar 2
Tesla new car registrations in Italy down 6.9% year-on-year in February
ROME, March 2 (Reuters) - Tesla's TSLA.O new car registrations in Italy fell by 6.9% year-on-year in February to 786 units, the country's transport ministry said on Monday.Tesla's sales gave the U.S. electric-vehicle company a market share of 0.5%, the ministry said. In the first two mon...Reuters
Mon, Mar 2
Tesla sales in Portugal more than double in February
March 2 (Reuters) - Tesla's TSLA.O new car registrations in Portugal rose 112.1% in February from a year ago to 1,160 units, the country's automobile industry association ACAP said on Monday.In the January-February period, Tesla sales rose 64.2% to 1,537 vehicles, it said.Reuters
Mon, Mar 2
Euro zone yields rise as inflation fears overshadow bonds' safe-haven appeal
Euro zone government bond yields riseMiddle East conflict sparks flight to dollarHigher oil prices stoke inflation concerns By Sophie Kiderlin and Niket Nishant LONDON, March 2 (Reuters) - Euro zone bonds headed for their sharpest selloff in nearly three months on Monday as the escalating confl...Reuters
Mon, Mar 2
TREASURIES-Yields jump as oil surge raises inflation worries
Oil price surge on Iran conflict raises inflation concernsFebruary ISM manufacturing PMI 52.4 vs forecast 51.8 Fed rate cut expectations dip amid rising inflation worriesBy Chuck Mikolajczak NEW YORK, March 2 (Reuters) - U.S. Treasury yields shot higher on Monday as a jump in oil and gas prices a...Reuters
Mon, Mar 2
US manufacturing grows steadily in February, input prices surge
WASHINGTON, March 2 (Reuters) - U.S. manufacturing activity expanded steadily in February, but a measure of prices paid by factories for inputs rose to the highest level in nearly 3-1/2 years, highlighting upside risks to inflation amid import tariffs even before a U.S.-led attack on Iran sent oil p...Reuters
Mon, Mar 2
Canadian manufacturing PMI rises to 13-month high in February
By Fergal SmithTORONTO, March 2 (Reuters) - Canada's manufacturing sector grew for a second straight month in February as new business increased despite weak export sales and rising inflation pressures, data showed on Monday.The S&P Global Canada Manufacturing Purchasing Managers' Index ...Reuters
Mon, Mar 2
Germany's shipowners association: 25 ships from seven German companies stranded in Gulf
BERLIN, March 2 - At least 25 ships from seven German maritime companies, including two cruise ships carrying about 7,000 passengers, are stranded in Gulf waters and cannot leave through the Strait of Hormuz for security reasons, Germany's shipowners' association VDR said on Monday without n...Reuters
Mon, Mar 2
Morgan Stanley downgrades Mexico bonds view on fiscal, USMCA uncertainty
LONDON, March 2 (Reuters) - Wall Street bank Morgan Stanley downgraded its view on Mexico's sovereign debt on Monday, citing risks of a wider-than-forecast budget deficit and Washington potentially playing hard ball in upcoming U.S.-Mexico-Canada trade agreement (USMCA) talks. Morgan Stanle...Reuters
Mon, Mar 2
ECB must be ready to move rates fast in either direction, Austrian cenbank governor tells WSJ
March 2 (Reuters) - The European Central Bank should be prepared to move its key interest rate in either direction if potential threats to the eurozone economy arising from a fresh increase in uncertainty come to pass, Austria’s central bank governor Martin Kocher said in an interview to the Wall St...Reuters
Mon, Mar 2
Russian rail freight drop deepens in February as economy slows
By Gleb Stolyarov MOSCOW, March 2 (Reuters) - A protracted crisis in Russia's rail industry - driven by the slowing economy, sanctions and global market pressures - deepened in February, adding strain to the debt-laden state rail monopoly.In Russia, where the lion's share of all industria...Reuters
Mon, Mar 2
German 2-year bond yield rises as Middle East conflict sparks inflation concerns
Short-dated euro zone government bond yields riseMiddle East conflict appears to likely to become drawn outHigher oil prices stoke inflation concerns By Sophie Kiderlin and Niket Nishant LONDON, March 2 (Reuters) - Short-dated euro zone government bond yields rose above multi-month lows on Mond...Reuters
Mon, Mar 2
Brazil Economists See Year-End 2026 Interest Rate At 12% - Cenbank Poll
March 2 (Reuters) - BRAZIL ECONOMISTS SEE ANNUAL IPCA INFLATION INDEX REACHING 3.91% IN 2026 VERSUS 3.91% IN PREVIOUS ESTIMATE - CENBANK POLLBRAZIL ECONOMISTS SEE ANNUAL IPCA INFLATION INDEX REACHING 3.79% IN 2027 VERSUS 3.80% IN PREVIOUS ESTIMATE - CENBANK POLLBRAZIL ECONOMISTS SEE YEAR-END 2026 IN...Reuters
Mon, Mar 2
Fed races to adapt to AI promises and pitfalls for jobs, inflation
Fed officials divided on AI's impact on labor market and pricesBlock's AI-driven layoffs highlight stakes for Fed's understandingAI may lead to structurally higher unemployment, complicating Fed's rate decisionsWarsh views on productivity, rate cuts, not yet widely sharedBy Howard Sc...Reuters
Mon, Mar 2
EXPLAINER-Europe braces for economic hit from Iran conflict
FRANKFURT, March 2 (Reuters) - The U.S.-Israeli military assault on Iran threatens to push up inflation and make a dent in Europe's already meagre economic growth.The attacks have disrupted commercial shipping in the Gulf, a key source of fuel and petroleum products for Europe. The interruption ...Reuters
Mon, Mar 2
UK factory activity expands for fourth straight month in February, PMI shows
By Suban Abdulla LONDON, March 2 (Reuters) - Activity in Britain's manufacturing sector rose last month and export orders increased by the most in four-and-a-half years, according to a survey on Monday that showed steady growth momentum at the start of the year despite stronger cost pressures...Reuters
Mon, Mar 2
Euro zone factory growth hit 44-month high in February, PMI shows
LONDON, March 2 (Reuters) - Euro zone manufacturing expanded at its fastest pace in nearly four years last month as new orders bounced and factory output rose although rising cost pressures squeezed margins, a survey showed on Monday.Reuters
Mon, Mar 2
Swiss industry sees small recovery after tariff-hit 2025
ZURICH, March 2 (Reuters) - Swiss industry is seeing small signs of a recovery after suffering from "horrendous" tariffs imposed by U.S. President Donald Trump in 2025, the sector's trade association said on Monday.Shipments to the United States, the second-biggest market for Swiss machi...Reuters
Mon, Mar 2
