While you were sleeping US manufacturing accelerates

Thu, 20 Feb 2014

By Margreet Dietz Feb 21 (BusinessDesk) – Wall Street rose after a gauge of US manufacturing climbed to the highest level in nearly four years, easing concern that weakness in recent data meant the recovery in the world’s largest economy was losing steam. The Markit Economics preliminary index of manufacturing rose to 56.7 in February, up from a final number of 53.7 in January. "The manufacturing data is extremely positive, especially coming after a spate of bad news at a time when the Fed seems committed to slowing stimulus," Nicholas Colas...

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