- Reaction score
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This may be the first of a string of economic reports reflecting the impact of the Iran conflict as it begins to show up in business activity data.
Global Business Activity Slows as Iran War Weighs
The article highlights the Eurozone Composite Purchasing Managers’ Index (PMI), which is a monthly survey of business activity across manufacturing and services. Because it measures business conditions in real time, it’s often viewed as an early indicator of economic trends rather than hard economic data.
These types of economic data will continue to trickle in as the raw data makes its way through to economists. The question is whether most of it was already priced in this month. These expectations were introduced to the market through investor sentiment. After this previous Friday's action the I-fund was down more than 11% in March. So, it's likely that by the time we really start seeing the economic reports, investors will be looking ahead to a recovery and desperately buying back and into stocks.
Global Business Activity Slows as Iran War Weighs
The article highlights the Eurozone Composite Purchasing Managers’ Index (PMI), which is a monthly survey of business activity across manufacturing and services. Because it measures business conditions in real time, it’s often viewed as an early indicator of economic trends rather than hard economic data.
These types of economic data will continue to trickle in as the raw data makes its way through to economists. The question is whether most of it was already priced in this month. These expectations were introduced to the market through investor sentiment. After this previous Friday's action the I-fund was down more than 11% in March. So, it's likely that by the time we really start seeing the economic reports, investors will be looking ahead to a recovery and desperately buying back and into stocks.
