Chinese Manufacturing Sector Returned to Expansion while US Data Disappointed

The US markets reopened after 2 days’ closure. However, investors’ sentiment was lukewarm as the focus was on the impacts of Hurricane Sandy on the economy. It’s expected that the clean-up bill would be huge and so far, around 6 million homes and businesses remain without power. Flights and subway in affected areas only resumed limited services.

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Chinese Manufacturing Sector Returned to Expansion while US Data Disappointed