Positives: 1. Markit’s Eurozone PMI rose to 54.1, the highest levels since May 2011. 2. Consumer prices rose 0.2% in February, in line with expectations. 3. Initial jobless claims fell to 282k, 8k less than expected. 4. New home sales came in at an annualized rate of 539k vs the 464k expected. They grew at 7.8% vs an expected decline of -3.5%, the fastest pace since March 2008 5. US CPI was flat y/o/y vs expectations of a 0.1% drop. Core CPI grew 1.7%, in line with expectations. 6. MBA mortgage application composite rose 9.5%, up from the 3.9% drop in the prior week. Negatives: 1. Durable goods fell 1.4% m/o/m vs ... (full story)