IRAN: Mojtaba Khamenei Survived Strikes, Seen as Possible Next Leader: RTRS

Mar-04 09:03

"TWO IRANIAN SOURCES TELL REUTERS MOJTABA KHAMENEI HAS SURVIVED ASSAULT ON IRAN, SEEN BY ESTABLISHMENT AS PROSPECTIVE NEXT SUPREME LEADER" - RTRS

  • NYT have previously reported that senior clerics responsible for selecting Iran’s next supreme leader met on Tuesday to deliberate, and that the son of the slain former leader, Ayatollah Ali Khamenei, emerged as the clear front-runner. The piece added that the clerics were considering announcing Mojtaba Khamenei as his father’s successor as early as Wednesday morning.

Historical bullets

MNI: EUROZONE JAN FINAL MANUF PMI 49.5 (49.4 FLASH, 48.8 DEC)

Feb-02 09:01
  • MNI: EUROZONE JAN FINAL MANUF PMI 49.5 (49.4 FLASH, 48.8 DEC)

MNI: GERMANY JAN FINAL MANUF PMI 49.1 (48.7 FLASH, 47.0 DEC)

Feb-02 08:56
  • MNI: GERMANY JAN FINAL MANUF PMI 49.1 (48.7 FLASH, 47.0 DEC)

ITALY DATA: Jan Manuf PMI: Abrupt Pullback In Momentum Persists

Feb-02 08:55

The Italian manufacturing PMI remained in contractionary territory in January, printing below consensus at 48.1 (vs 48.5 cons, 47.9 prior). Note that ISTAT's manufacturing confidence series also remained comfortably below the long-term average in January. According to the PMI, the manufacturing sector has seen a fairly abrupt pullback over the last few months, after hovering around neutral levels in Q3/Q4 2025. That suggests the positive contribution made by industry to Q4 gross value added may only be a temporary dynamic.

Key notes from the release:

  • Subdued order numbers played a key part in the sustained downturn of the sector, which panellists linked to fragile demand, order cancellations and difficult market conditions. The overall volume of new work decreased for a second month in a row, albeit at a softer pace than seen at the close of 2025. Challenges persisted on international markets as export sales fell again, but only modestly.”
  • “The trend for production closely mirrored that of new orders ….While muted demand was said to have limited output volumes, some panellists reportedly faced issues securing raw materials”
  • “The building of cost pressures led to a renewed increase in selling prices set by Italian manufacturers themselves. Although consistent with just a marginal uptick”
  • “Employment was the sole area of expansion in January, as firms looked to support their growth ambitions by hiring staff largely on permanent contracts”
  • “Italian manufacturers were upbeat in their year-ahead output forecasts in January. In fact, confidence rose to one of its highest levels in nearly four-and-a-half years”
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