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Euro-area firms return to broad growth on vaccine optimism

Bloomberg Euro-zone companies have returned to broad-based growth for only the second time since the pandemic started, with factories booming and confidence high that vaccinations will soon end the coronavirus crisis. Germany, Italy, Spain and Ireland all saw business activity rise last month and France halted its contraction, according to IHS Markit’s latest survey of purchasing managers. Those nations, the ...

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US job openings rise to two-year high in February

Bloomberg US job openings rise to a two-year high in February, led by gains in some of the industries hardest hit during the pandemic and indicating employers are poised to ramp up hiring in the coming months. The number of available positions increased to 7.37 million during the month from an upwardly revised 7.1 million in January, the Labour Department’s ...

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Brazil’s budget impasse to leave economy chief in tougher spot

Bloomberg An impasse between Brazil’s economic team and congress over this year’s budget will likely end up with President Jair Bolsonaro accepting only part of his economy chief’s austerity pleas as lawmakers push to ramp up spending ahead of next year’s elections. Bolsonaro has agreed to reject part of the budget proposal to make room for mandatory spending that was ...

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