Financial markets weakened yesterday amid disappointing manufacturing in China and the Eurozone. The PMI data in China suggested that manufacturing activities in the country have slowed for 5 months. In the Eurozone, the honeymoon period provided by the ECB’s LTRO has gone as economic indicators showed fatigue in the region’s recovery path. These upstaged the news that US jobless claims slipped to the lowest level since February 2008.
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Weak Manufacturing Data Overshadowed Low US Jobless Claims
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