Live Breaking News & Updates on Gross Operating Profits

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ASIA:
China’s manufacturing sector grew at a markedly slower pace in February than the month before, surveys released over the weekend suggested, even as similar indicators in the US are signaling rapid growth. Chinese purchasing managers indexes have been trending lower since December when officials mandated new lockdowns in some northern cities to contain a rash of coronavirus outbreaks there. February’s service sector PMI was expected to be weak because officials have been exhorting citizens to stay at home. The survey conducted suggests that if China’s export orders don’t recover in March and April, that could signal the nation’s economy is cooling more quickly than many anticipated. ....

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