EUR/USD neared 1.1600 after Eurozone PMIs, as firm Dollar, Fed-cut doubts, and energy tensions weighed.
Markets see Middle East conflict lifting Eurozone inflation; money markets price 40% chance ECB rate hike.
Gold hovers under $5,200 as Middle East tensions and oil surge lift risks; bearish momentum persists.
WTI crude climbed above $76 amid Middle East supply fears, Strait of Hormuz risks, and softer US dollar.
Italy’s January unemployment rate fell to 5.1%, beating forecasts of 5.6% and signaling stronger labor conditions.
HCOB Eurozone Composite PMI held at 51.9 in February, meeting forecasts and signaling continued economic expansion.
Eurozone HCOB Services PMI rose to 51.9 in February, beating forecasts of 51.8 slightly.
Germany’s HCOB Services PMI hit 53.5 in February, beating the 53.4 forecast, signaling continued services expansion.
France’s HCOB Composite PMI held at 49.9, signaling near-flat private sector output and no clear expansion.
France’s HCOB Services PMI hit 49.6 in February, matching forecasts, signaling a slight contraction in activity.
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