US shares end slightly down on Monday

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Source: Markewatch
US stock markets finished Monday modestly down as Chicago PMI dropped slowed more than expected in April, boosting fears the overall manufacturing gauge on Tuesday also may show worsening. S&P 500 index lost 0.39% or 5.45 points and closed at 1,397.91, Dow Jones Industrial Average shed 0.11% or 14.68 points to 13,213.63 and Nasdaq Composite fell 0.74% or 22.84 points to 3,046.36.
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Tue, 01 May 2012 07:49:46 GMT

South Korean inflation reaches almost 2-year record low

South Korean inflation slowed and exports dropped in April adding pressure on the Bank of Korea to keep benchmark interest rate unchanged. Country's exports tumbled 4.7% on annual basis following a 1.4% drop in March while inflation slowed to annual 2.5%. Analysts predicted the CPI to climb to 2.8% after a 2.6% gain in March. 

Tue, 01 May 2012 06:46:44 GMT

Chicago PMI slowed in April

The indicator measuring Chicago area manufacturing activity slowed last month, reaching the 29-record low growth. Chicago PMI declined from 62.2 in March to 56.2 in April, ISM- Chicago reported on Monday. Economists expected a drop only to 60.8. Lower Chicago PMI may signal weakness in ISM manufacturing index which will be released on Tuesday. 

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