Eurozone PMI Beats Forecasts in March

The Eurozone Purchasing Managers' Index (PMI) data for March revealed a stronger-than-expected performance, indicating potential stabilization in business activity.

The preliminary composite PMI surpassed consensus forecasts, providing a much-needed boost to investor sentiment.

The manufacturing sector continues to show signs of strain due to weak global demand and high energy costs, but the services sector saw improvement.

The euro steadied against major currencies after a period of volatility, trading in a narrow range against the US dollar and British pound.