European Markets Wrap-Up | EU reportedly says that there is no immediate impact to oil security from US-Iran conflict

Monday, 02 Mar, 2026 News EU reportedly says that there is no immediate impact to oil security from US-Iran conflict The European Commission is said to have sent an email to EU governments, in noting that it sees no immediate impact on the bloc's security of oil supply from the situation in the Middle East. That acc News UK February final manufacturing PMI 51.7 vs 52.0 prelim Prior 51.8 Key findings : New export orders rise at quickest pace in four and-a-half years Business sentiment stays close to January's recent high Comment : Rob Dobson, Director at S&P Global Mark Learn more Cryptocurrency Crypto technical analysis today Crypto futures are navigating a heavy geopolitical backdrop, but the price response so far has been more controlled than many would have expected after an intense weekend. Rather than a straight-line News Eurozone February final manufacturing PMI 50.8 vs 50.8 prelim Prior 49.5 Germany's improvement is the main story driving the recovery in the euro area manufacturing sector to start the new year. Hopes of a sustained return to growth is making for a more optimist News Germany February final manufacturing PMI 50.9 vs 50.7 prelim Prior was 49.1 Key findings : Business expectations reach highest since February 2022 Comment : Commenting on the PMI data, Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank, said: "It fin News France February final manufacturing PMI 50.1 vs 49.9 prelim Prior 51.2 The final estimate is a slight nudge up to the initial reading, so it at least sees back-to-back months of increase in French manufacturing activity at the start of 2026. That being said, t News Italy February manufacturing PMI 50.6 vs 49.5 expected Prior 48.1 Key findings : Fresh growth in output and new orders, ending two-month run of decline Brightest 12-month outlook in just over five years Intensification of cost and charge inflation Comment News Switzerland February manufacturing PMI 47.4 vs 50.0 expected Prior 48.8 Hopes for a recovery in the Swiss industry were dashed with this being another contractionary reading in February. This marks a 38th straight month that Switzerland's manufacturing sector r Learn more Forex Market outlook for the week of 2nd-6th March Monday begins with the release of manufacturing PMI data for the Eurozone, the U.K., and the U.S. On Tuesday, the euro area will publish flash estimates for CPI y/y and core CPI y/y, while in the U.K.

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