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Market Ignores Positive Economic News As Earnings Reports Concern Investors
Tuesday, January 27, 2015 - 1:53pm | 328Read More...The market shrugged off positive economic indicators Tuesday amid downbeat reports from several major companies. Among the upbeat economic news was the Markit Flash U.S. Services PMI Business Activity Index which rose from 53.3 in December to 54.0 in January. The index suggested solid output...
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Eurozone Services Data Fuels Hope Of A Year End Recovery
Tuesday, August 6, 2013 - 7:38am | 292Read More...The euro slipped modestly on Tuesday morning but remained above $1.32. The common currency has been trading steadily as the more and more data points to the end of the bloc's record long recession. On Monday, Bloomberg reported that Markit Economics issued a report which showed that eurozone...
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Spanish Unemployment Drops In Second Quarter For First Time In Two Years
Thursday, July 25, 2013 - 11:33am | 469Read More...Spain's economy may finally be on the up-swing after years of contraction marked by a financial crisis created from a massive housing and credit bubble. However, more good news came for the Spanish economy Thursday as the government announced that the unemployment rate declined for the first time...
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Eurozone Manufacturing Contracts Less Than Expected In June, Spain Improves
Monday, July 1, 2013 - 10:56am | 553Read More...A key measure of manufacturing output in the eurozone rose in June to the highest level in sixteen months amid the continent wide recession that has seen unemployment, specifically of the younger population, rise to record levels. Spain and Italy both showed notable strength in June the...
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Eurozone Growth Slows in March
Thursday, March 21, 2013 - 10:27am | 452Read More...Eurozone growth continued to slow in March raising fears of a prolonged, deepening recession and raising calls for the European Central Bank to act quickly to prop up the fledgling European economy. Markit Economics reported that both the service sectors and manufacturing sectors in France,...
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Euro Zone Economies Shrink Unexpectedly in February
Wednesday, February 22, 2012 - 9:21am | 721Read More...The euro zone unexpectedly shrank in February, adding to fears that Europe might be about to fall back in to recession. The latest survey results from Markit Economics' purchasing managers' index (PMI) showed that the index fell back to 49.7 in February, down from 50.4 in January. The results are...
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Euro-Zone Composite PMI Drops To 47.2 In October
Monday, October 24, 2011 - 5:21am | 45Read More...According to Markit Economics, the preliminary composite purchasing managers index for the euro zone declined to 47.2 in October, versus 49.1 in September. Economists were expecting a drop to 48.8.The euro-zone services PMI dropped to 47.2 in October, versus 48.8 in September. However, the...
