While you were sleeping Cautious calm returns

Thu, 23 May 2013

By Margreet Dietz May 24 (BusinessDesk) - Wall Street was mixed, paring sharp early losses after disappointing data from China and a slump in Japanese stocks outweighed better-than-expected reports on US jobs and housing. In China, the preliminary reading for a Purchasing Managers’ Index of manufacturing was 49.6 in May, according to HSBC and Markit Economics data. In Japan, the Topix plunged 6.9 percent. Yesterday's comments by US Federal Reserve Chairman Ben Bernanke suggested the central bank might ease back its bond-buying program as soo...

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