The February ISM Services beat estimates, rebounding to 53.5 from 52.8. All activity subcomponents increased, with new orders and employment ticking up. Price pressures however also increased, as prices paid went up and suppliers’…

 China’s February Caixin PMIs showed growth remains tepid. The composite ticked up to 51.5 from 51.1. Services are still showing a very faint expansion at 51.4, with manufacturing ticking up to 50.8. The message from the official NBS…

 The Federal Reserve’s Beige Book shows a slowing economy, a moderating labor market, and rising price pressures.  The latest Beige Book is in line with other sentiment indicators showing slower growth and decreased confidence…

 In light of President Trump’s address to Congress and the ebb-and-flow of tariff announcements, our Geopolitical strategists assessed the constraints on the administration’s disruptive agenda. Trump’s ability to implement his…

 Leading US growth indicators have slowed, with economic surprises now in negative territory. However, Monday’s ISM Manufacturing showed that while activity is slowing due to tariffs uncertainty, supply-side price pressures are…

 The Trump administration launched its biggest trade action on Tuesday, levying 25% tariffs on Canadian and Mexican goods, and an additional 10% to current tariffs on Chinese imports. Given its crucial role in US supply chains,…

 February flash inflation for the Eurozone was slightly hotter than expected but nonetheless declined, with both headline and core inflation falling 0.1% to 2.4% y/y and 2.6%, respectively. Services inflation also declined to 3.7%…

 Our Chart Of The Week comes from Juan Correa, from our Global Asset Allocation (GAA) strategy service. Juan highlights weakening US growth observed in the data lately.  We have seen a few growth slowdown episodes since 2022…