German Manufacturing Returns to Growth as Middle East Geopolitics Shift

Key TakeawaysGerman Manufacturing PMI hit 50.7 in February, crossing the critical 50.0 expansion threshold for the first time in 44 months and beating estimates of 49.5.Iran and Egypt have finalized a decision to fully restore diplomatic relations, a major geopolitical shift that includes the immediate exchange of ambassadors.Arms control experts are warning of proliferation risks as a proposed U.S.-Saudi nuclear deal reportedly allows for domestic uranium enrichment within the Kingdom.Hong Kong’s unemploym ...