Index

February’s manufacturing PMI strongest in last two years

In Turkey, Purchasing Managers' Index (PMI) for the manufacturing sector posted the strongest reading of the last two years in February.

According to the Istanbul Chamber of Industry PMI Manufacturing Index report, prepared in cooperation with London-based global data firm IHS Markit, the index rose to 52.4 last month thanks to solid rises in both output and new orders.

ATHEX: Bourse sinks even further

The Greek stock market reacted to news of the first coronavirus case in Athens - plus a second in Thessaloniki - with a fresh selling spree on Saturday, closing the session on the day's low, which points to fresh losses on Friday. The cancellation of Carnival festivities around the country this weekend is also set to hurt local economies.

ATHEX: Stocks take fresh beating

Tuesday's recovery proved short-lived for the Athens bourse, as the slump on Wall Street later on the same day and the discovery of the first case of coronavirus in Greece on Wednesday led Greek stocks to new six-month lows. The benchmark even dropped below the 800-point mark during yesterday's session, before containing its losses somewhat.

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