Global Economy Briefing: February 3, 2026 Morning

2026-02-03 - 09:45

Key Points U.S. manufacturing roared back: ISM jumped to 52.6 with new orders surging to 57.1, signaling a sharp rebound in factory activity. European manufacturing PMIs improved across the board, led by France back in expansion and Germany narrowing its contraction. RBA cut rates 25bp to 3.85% as expected, but Australian building approvals collapsed; Korea’s