Eurozone business activity softens.

Eurozone flash manufacturing PMI has slipped to 53 in February from 54 in January and undershot forecasts that were also 54. German growth slowed and France's contraction accelerated. The eurozone's services print has edged up, but the composite output has fallen to 52.7 from 52.9. "A dip in the eurozone PMI provides a reminder that the region's recovery continues to be uneven and fragile, but it's too early to read too much into one month's data."