While you were sleeping China PMIs lift stocks

Mon, 02 Sep 2013

By Margreet Dietz Sept 3 (BusinessDesk) - Equities and commodities including copper gained after reports showing better-than-expected improvement in manufacturing in China and Europe, bolstering optimism about the outlook for the global economy. HSBC's purchasing managers' index for China rose to 50.1 last month, while a survey by the China Federation of Logistics and Purchasing showed manufacturing climbed to 51 in August from 50.3 in July. "The data shows the Chinese economy is on a track to regain strength, and that should be reflected in...

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