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The Dow Jones Industrial Average roared back on Tuesday, leaping 227.85 points to finish at 16,395.88. The S&P 500 jumped 1.53%, or 28.18 points, to close at 4,277.30, while the Nasdaq gained 74.67 points to close at 4,351.67.
Euro zone private businesses enjoyed their fastest growth rate in over 2-1/2 years last month as the region's service industry expanded quicker than initially thought, surveys showed on Wednesday. The upturn in the 18-member bloc's fortunes was again
China's service sector bright ened in February, boosted by post-holiday business activity, but the overall economic prospects are still shadowed by a continuing slowdown in the manufacturing sector. The official non-manufacturing Purchasing Managers'
Activity in India's manufacturing sector expanded at its strongest pace in a year in February, a survey showed Monday, providing some relief after a clutch of recent weak data showed little signs of a turnaround in the economy. Purchasing Managers'
I reading of above 50 indicates expansion in manufacturing activity, while a figure below 50 signals contraction. President Wu Chung-shu said the index indicated that Taiwan's manufacturing activity continued to expand at a moderate pace in February.
Production line at the Dongfeng Peugeot Citroen factory in Wuhan, China. China's manufacturing activity dropped to an eight-month low in February, according to figures released Saturday, the latest sign of a slowdown in the country's factory sector.
China will on Saturday release official Purchasing Managers' Index (PMI) manufacturing figures for February. ThinkForex senior markets analyst Matt Simpson said expectations of a weak outcome is weighing on market confidence. Flash PMI last week we
U.S. stock futures pointed to a moderately lower open for Wall Street on Thursday after a unexpectedly downbeat China data, as investors readied for U.S. consumer prices, and a couple of a manufacturing indexes among other data. Shares of Facebook
compiled by Bank Hapoalim and the Israeli Purchasing and Logistics Managers Association, rose by 2.7 points to 49.5 points in January. An index reading below 50 points indicates shrinking industrial activity; a reading above 50 indicates expansion.
I for January was 56.2 (a PMI reading above 50.0 indicates that manufacturing is generally expanding; below 50.0 that it is declining). The sector has now been in expansion for 16 consecutive months, with the last six months also averaging 56.2.