Free Trial
US TSYS

Modest Position Squaring Ahead Wed's CPI

US STOCKS

Late Equity Roundup: Inching Lower

AUDUSD TECHS

Bullish Focus

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Services PMI falls over 3 points below 50

ITALY DATA

Highlights from the press release pretty gloomy, but also pointing to inflationary pressures peaking.

  • "Both activity and new work declined for the first time since January amid reports that an uncertain economic outlook had dampened client confidence and led to a deterioration in demand. Subsequently, concerns around the outlook intensified and business confidence fell to a 20-month low."
  • "The latest rise [in costs] was the slowest for six-months, hinting further at a peaking of cost pressures, but nonetheless amongst the steepest on record"
  • "The rate of charge inflation also eased on the month, but was still the third-quickest on record. "
  • "The Future Activity Index ticked down to the lowest level since November 2020. Panellists attributed reduced sentiment to a challenging economic climate, political uncertainty, the war in Ukraine and tighter financial conditions."
129 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Highlights from the press release pretty gloomy, but also pointing to inflationary pressures peaking.

  • "Both activity and new work declined for the first time since January amid reports that an uncertain economic outlook had dampened client confidence and led to a deterioration in demand. Subsequently, concerns around the outlook intensified and business confidence fell to a 20-month low."
  • "The latest rise [in costs] was the slowest for six-months, hinting further at a peaking of cost pressures, but nonetheless amongst the steepest on record"
  • "The rate of charge inflation also eased on the month, but was still the third-quickest on record. "
  • "The Future Activity Index ticked down to the lowest level since November 2020. Panellists attributed reduced sentiment to a challenging economic climate, political uncertainty, the war in Ukraine and tighter financial conditions."