U.K. stagnates

• The British economy is at risk of stalling after the dominant services sector barely grew in January, with IHS Markit’s gauge for the industry falling to 50.1.

 

• Companies said they were less likely to start new projects and that clients were being cautious as Brexit uncertainty continues to fester.

 

• In the euro area, composite PMI was revised higher to 51 from an initial reading of 50.7, with IHS saying the survey still signals “only weak growth in business activity.”

(Source: Bloomberg)