The episode begins with Claes Måhlén introducing the daily economic update. He starts in China, where the National People's Congress has set a GDP growth target of 4.5-5% for 2026, noting it's the lowest ambition level since 1991 and questions remain about domestic demand. The Fed's Beige Book is mentioned, indicating slightly lower growth and slower price rises in the US. The host then shifts to the Middle East, discussing news about Iran's intelligence service contacting the CIA, which was denied, exemplifying the 'fog of war.' Market reactions to such news are described as diminishing over time. Swedish economic data is highlighted, with a purchasing index falling over five units between January and February to 48.3, the largest one-month drop and lowest since early 2023. In contrast, the US ISM purchasing index rose to 56.1 in February, the highest since 2022, driven by strong orders. The ADP report for US sales showed a 63,000 increase. Oil prices are noted to have fallen and then risen back to around $84 per barrel despite Middle East tensions. Stock markets saw broad gains, with S&P 500 up 0.8%, Eurostox 600 up 1.4%, and Asian markets showing positive movements. Interest rates ticked up, with the 10-year at 4.12% and 2-year at 3.56%, reflecting expectations of a Fed rate cut in September. The dollar weakened but remains stronger than pre-Middle East attack levels. The episode previews Swedish inflation data for February, expected at 1.8% for KPIF, down from 2% in January, and 1.5% excluding energy, with comparisons to Riksbank forecasts. American unemployment data is also mentioned, with new claims around 200,000. The host concludes by wishing listeners good luck.
