European stock futures drop prior to U.S. report release

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Source: Bloomberg
© Scanpix/reuters
European stock futures dropped on concerns about the upcoming U.S. report, as it might show a slowdown in manufacturing growth. Futures on the Euro Stoxx 50 maturing in December fell 0.5 % to 2,942, as data on China's manufacturing improved. The futures of the U.K.'s FTSE Index slid about 0.1%. S&P's 500 Index Futures erased 0.4 %. The Stoxx 600 has been rising for five consecutive months and has gained 16 percent since June.  
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Thu, 01 Nov 2012 10:55:12 GMT

U.K. manufacturing PMI slides in October

British factory activity decreased for a sixth consecutive month in October, Markit Economics said on Thursday. The seasonalized CIPS Purchasing Manager's Index dropped to the three-month lowest level of 47.5, after a downwardly revised reading of 48.1 in September. Economists had forecast a smaller decline to 48.Production volumes slipped for a fourth month, with the rate of decrease the second-fastest

Fri, 02 Nov 2012 09:39:49 GMT

Retail sales in Germany gained more than expected

Destatis reported on Wednesday that Germany's retail sales grew more than expected in September. Retail sales advanced by 1.5% on a seasonally adjusted basis last month, compared to a revised down figure of 0.1% in the preceding month. Economists, however, expected a more moderate increase of 0.3%.

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