The Markit/CIPS UK Construction PMI held steady at 54.2 in March

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  European shares opened slightly lower this morning, but soon reversed their losses in a session devoid of eco data or other important news items. Currently, most indices trade 0.5% higher. US Equities opened lower, but are trying to fight back.

  
  


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  The prolonged period of low inflation has increased the risks that inflation misses might become persistent, which would be deeply damaging for the economy, ECB chief economist Praet said today, adding that this is why they have reacted so forcefully recently, which they will continue to do so in the future if necessary.

  
  


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  The Markit/CIPS UK Construction PMI held steady at 54.2 in March, matching February’s 10‐month low and holding a whisker above a consensus forecast of 54.1. While the pace of growth picked up in commercial property and civil engineering, the PMI’s gauge of housing construction activity sank to its lowest level since January 2013.

  
  


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  Greek Prime Minister Tsipras’ office said today the bailout review must be completed immediately without unrealistic demands for additional measures beyond those set out in the July bailout agreement, as talks on its fiscal progress resumed amid tensions after the leak of an IMF transcript.

  
  

The Markit/CIPS UK Construction PMI held steady at 54.2 in March