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Chinese PMI contracts for second month

The final HSBC/Markit Purchasing Managers’ Index (PMI) for January came in at 49.7 on a seasonally adjusted basis, just below the 50.0 level that separates growth from contraction. The number was slightly lower than a preliminary “flash” reading of 49.8

Unexpected US manufacturing activity rise in October

The ISM’s manufacturing purchasing managers index increased to 59.0 last month from 56.6 in September. The top-line index is back to its August reading, which was the highest since March 2011. In October, 16 of 18 reporting industries reported growth.

Copper hit by China demand concerns

The flash reading for China compiled by HSBC and Markit fell to a six month low of 49.6 in January versus 50.5 in December, fueling worries about demand in the world’s top metals consumer. Consequently, copper fell to its lowest

China august manufacturing PMI at 51

The purchasing managers’ index (PMI) figure, published by the National Bureau of Statistics, rose to 51 in August from 50.3 in July. That was its highest level since April last year and exceeded market expectations for a 50.6 reading. The

July Markit Flash Eurozone PMI above 50 for the first time in 18 months

After grinding through recession for six consecutive quarters since the economy started to contract in late 2011, Markit Flash Eurozone PMIĀ surprised economists with a jump to 50.4 in July, signaling a return to growth in output by breaking back above