Russia S&P Global Services PMI climbed from previous 51.2 to 54.6 in January

Feb 5, 2025

USD/INR maintains position above 87.00 after HSBC PMI data release

USD/INR continues its upward momentum for the fourth consecutive day, trading around 87.10 during Wednesday’s Asian session.

EU prepares to hit Big Tech in retaliation for Trump’s tariffs – FT

Citing two officials with knowledge of the plans, the Financial Times (FT) reported on Wednesday that the European Commission is preparing to deploy its “anti-coercion instrument” (ACI) in a potential retaliation to US President Donald Trump’s tariffs, which would enable the European Union (EU) to target US service sectors like Big Tech.