Eurozone's manufacturing shrinks more than expected

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Source: Forexpros
Activity in the Eurozone's manufacturing sector shrank more than expected in August. The final PMI came in at 45.1, up from 44.0 in the preceding month. Any reading below 50 signals a contraction in manufacturing activity. PMI in the Europe's biggest economy was also revised lower from 45.1 to 44.7, according to Markit. Factories in Germany and France saw activity fall for the sixth in a row.
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Mon, 03 Sep 2012 12:52:25 GMT

Europe stocks gain on China stimulus expectations

Resource firms supported advance of European stocks, with markets gaining on Asian stock exchanges after weak China's manufacturing data fueled speculation about additional monetary easing. On Monday, the Stoxx Europe 600 Index surged 0.5% to 267.68, after a 0.5% rise on Friday. The FTSE 100 Index gained 0.7% to 5,749.08. The Dax added 0.4% to 6,996.64.

Mon, 03 Sep 2012 08:53:25 GMT

South Korea's consumer prices increase 1.2%

South Korea's consumer prices rose 1.2% from the previous year following a 1.5% increase in July, Statistics Korea reported today. Analysts expected a 1.4% gain. The central bank kept the interest rates unchanged last month following an unexpected cut in July. Weak inflation provides more room for another benchmark rate reduction.   

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