While you were sleeping Euro woes weigh

Thu, 21 Mar 2013

By Margreet Dietz March 22 (BusinessDesk) - Stocks on both sides of the Atlantic fell as worse-than-expected euro zone manufacturing data bolstered concern its economic recovery might take longer than feared. The Markit Eurozone PMI Composite Output Index dropped to 46.5 in March, from 47.9 in February, according to the flash estimate. Flash Germany Manufacturing PMI dropped to 48.9 in March, a three-month low and down from 50.3 in February. “The flash PMI data suggest that the euro-zone business environment deteriorated at a quickening rate...

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