The Davy Digest 9th February
The S&P 500 finished flat last week despite a short-lived US government shutdown and AI-driven turbulence in the technology sector, while European equities recorded modest gains. In the US, January’s Manufacturing Purchasing Manager Index survey reached a 3-year high of 52.6, signalling a rebound in manufacturing activity. Labour data, however, continued to disappoint with job openings falling to 6.54 million, well below the 7.25 million consensus expectation.
Central bank meetings were also in focus last week, with policymakers convening in Europe, the United Kingdom, Australia, and India. The European Central Bank, Bank of England, and Reserve Bank of India all left policy rates unchanged – in line with expectations –…
