SCOREBOARD: European apathy

Weak economic data took the wind out of European stocks, while US markets were also lacklustre.

It was a pretty quiet session all up, with nothing in the way of major news or data flow. In Europe, we saw some lower tier data in the way of the PMIs. These were generally weaker than expected in February, with the composite index falling to 49.7 from 50.4, although the manufacturing index rose slightly (49 from 48.8).

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