Stock Index Futures Jump as Hopes for End to Middle East Conflict Boost Sentiment

Economic data released on Tuesday showed that the U.S. S&P Global manufacturing PMI unexpectedly rose to 52.4 in March, stronger than expectations of 51.5, while the S&P Global services PMI unexpectedly fell to 51.1, weaker than expectations of 52.0. Also, U.S. Q4 nonfarm productivity was revised lower to +1.8% q/q, weaker than expectations of +1.9% q/q, while unit labor costs were revised upward to +4.4% q/q, stronger than expectations of +3.6% q/q. In addition, the U.S. Richmond Fed manufacturing index ro ...