European Markets Wrap-Up: Eurozone February PPI -0.7% vs -0.7% m/m expected

Wednesday, 08 Apr, 2026 News Eurozone February PPI -0.7% vs -0.7% m/m expected Prior +0.7%; revised to +0.8% More to come.. News Eurozone February retail sales -0.2% vs -0.2% m/m expected Prior -0.1%; revised to 0.0% More to come.. Learn more News UK March construction PMI 45.6 vs 43.7 expected Prior 44.5 The downturn in the UK construction sector continues in March, even if at a less marked pace than in February. Of note, residential work remained by far the weakest-performing category. How News Hapag-Lloyd says there will still be no normal shipping network for another 6-8 weeks Situation in the Middle East is still severely disrupting shipping and supply chains Hopefully the Strait of Hormuz will reopen About 1,000 ships are still stuck in the region, six of which are from H Commodities Oil prices dive after US-Iran ceasefire agreement; focus turns to Friday's negotiations FUNDAMENTAL OVERVIEW Oil prices dived today after Trump announced on Truth Social a two-sided ceasefire agreement for two weeks while the US and Iran negotiate a lasting peace deal. The ceasefire incl Commodities Silver looks to come up for air as market mood picks up on US-Iran ceasefire The risk-on wave across broader markets is helping to see a strong bounce in precious metals today. That as hope springs eternal after the US and Iran agrees to a two-week ceasefire in trying to work News Germany March construction PMI 48.0 vs 43.7 prior While overall business activity picked up in March, it belies the underlying mood in the sector as input cost inflation posts a record rise on the month. The pick up is helped by an improved mood in h Forex The US Dollar sinks on the US-Iran ceasefire agreement; USDJPY approaches a key support FUNDAMENTAL OVERVIEW USD: The US dollar sold off across the board today after Trump announced on Truth Social a two-sided ceasefire agreement for two weeks while the US and Iran negotiate a lasting pe Learn more News French trade deficit widens in February ahead of the Middle East conflict In February 2026, the French trade balance showed a sharp decline of €3.8 billion to reflect a deficit of €5.8 billion. That owes to a significant increase in imports by €2.6 billion and a decrease i

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