March 3, 2025
United States:
Stock Futures Gain Amid Wagers Selloff Overdone
US stock futures pointed to gains on Wall Street as some investors took advantage of a bruising week as an opportunity to buy.
Contracts on the S&P 500 added 0.4% and futures on the Nasdaq 100 gained 0.7%.
Europe:
Euro-Zone Inflation Cools as ECB Enters Final Phase of Cuts
Euro-area inflation eased, boosting confidence that it’s approaching the 2% target as the European Central Bank enters the last leg of interest-rate cuts.
Consumer prices rose 2.4% from a year earlier in February, down from 2.5% in January, Eurostat said.
Asia:
China Factory Activity Picks Up, Showing Economy’s Resilience
China’s manufacturing activity picked up last month, according to a private survey, indicating economic resilience in the face of US President Donald Trump slapping more tariffs on the Asian nation’s exports.
The Caixin manufacturing purchasing managers index rose to 50.8 in February from 50.1 a month earlier, Caixin and S&P Global said in a statement on Monday.
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