October 2013

Eurozone Final Manufacturing PMI In September Drops

Eurozone’s final Manufacturing PMI, measuring the eurozone activity level of purchasing managers in the manufacturing sector declined 51.1 points lower in September, meeting analysts estimated of 51.4 in August, Markit Economics confirmed.

“An improvement in euro zone manufacturing business conditions for a third straight month in September sends a reassuring signal that the sector is providing an all-important lift for a region that has been besieged by recession,” Chris Williamson, chief economist at Markit, said on Tuesday. Read more

European Stocks Mixed After US Government Shutdown

Major European stocks started the trading session mixed on Tuesday, following the first US government shutdown since 1996.

The US government faced its first shutdown after the government failed to finalize an agreement over the largest economy’s budged spending bill by the deadline given, which was on Monday midnight.

The Euro Stoxx 50 advanced 0.41% higher, opening at 2,900.56, while the German DAX edged up 0.37% higher at 8,626.54 at the open. At the same time the French CAC 40 rose 0.29% at 4,156.87, while the British FTSE 100 declined 0.09% to 6,458 at the open. Read more