German manufacturing rises surprisingly

Source: Bloomberg
© Scanpix/Agence France-Presse
German manufacturing rose surprisingly in July and services sector growth strengthened, indicating on that nation's economy is growing. A manufacturing index increased 1.7 basis points to 50.3, according to Markit Economics, while services sector grew 2.1 basis points to 52.5. After these data were released the Euro appreciated versus the greenback at $1.3250 by 8:37 a.m. in London.
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Wed, 24 Jul 2013 11:03:05 GMT

WTI crude oil declines on decrease in Chinese manufacturing sector

Crude oil futures declined, as China's manufacturing report for July came in against expectations, indicating contraction in the sector's activity. WTI crude oil futures dropped 0.05% to $107.19 per barrel and the Brent futures prices were at $107.78. China's Purchasing Managers Index decreased from 48.3 points in June to 47.7 this month.

Wed, 24 Jul 2013 10:41:04 GMT

Manufacturing data in Europe extended gains in stocks

Factory output in euro zone increased in July, PMI index showed as manufacturing activity in France and Germany reached highest level in several months. The data sent the Euro to the highest point against the Dollar in a month and sustained stock market growth. MSCI's world equity gauge climbed 0.1%, while Germany's bond futures slid 0.3%.

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