<a href="/learn/what-is-global-macro-investing">Global macro</a> conditions remained broadly constructive in February, although the backdrop was increasingly shaped by policy uncertainty and a more uneven regional growth mix. In the US, activity remained resilient, supported by solid private demand and continued AI-related investment. In the euro area, the picture improved modestly: February composite PMI rose to 51.9 and manufacturing returned to expansion at 50.8, suggesting that the long indu...
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