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LONDON Euro zone bond yields were flat on Wednesday, with southern European debt stabilizing after a sell-off in the previous session as markets braced for new supply from Italy and Portugal.
Italy started the process of selling new 50-year and 7-year bonds via a syndicate of banks on Wednesday, having flagged the new issues the previous day.
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Portugal raised, via a syndicate of banks, 4 billion euros from a 10-year bond on the back of 30 billion euros of demand, according to a lead manager memo.
Sustained growth of new business supports output expansion: IHS Markit aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
Euro zone business activity returns to growth in March Record expansion underpinned by manufacturing sector
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Euro zone business activity returned to growth last month, underpinned by a record expansion in the manufacturing sector, according to a survey on Wednesday that showed the service industry was coping with new lockdowns better than expected.
As Europe battles a third wave of coronavirus infections, governments have re-imposed restrictions on citizens and forced swathes of the dominant services industry to remain closed.
But IHS Markit’s Services Purchasing Managers’ Index (PMI) rose to 49.6 in March from February’s 45.7, much higher than a flash estimate of 48.8 and only just shy of the 50 mark that separates growth from contraction.
Eurozone business activity returns to growth in March
07 Apr 2021 People on a shopping street in Gelsenkirchen, Germany, on Wednesday. Associated Press Eurozone business activity bounced back to growth last month, underpinned by a record expansion in manufacturing, according to a survey on Wednesday that also showed the service industry was coping better than expected with new lockdowns.
Europe is battling a third wave of coronavirus infections and governments - also struggling with vaccine programmes beset by delays - have re-imposed curbs on citizens and forced swathes of the dominant services industry to remain closed.
But IHS Markit’s Services Purchasing Managers’ Index (PMI) rose to 49.6 in March from February’s 45.7, much higher than a flash estimate of 48.8 and only just shy of the 50 mark that separates growth from contraction.
Euro zone business activity expanded in March despite lockdowns | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.