US shares gain on better than expected manufacturing index

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Source: Dukascopy
US stock markets began the second quarter with gains as data showed US manufacturing activity expanded at faster pace than expected. S&P 500 index climbed 0.75% or 10.57 points and closed at 1,419.04, Dow Jones Industrial Average added 0.4% or 52.45 points and closed at 13,264.49 points while Nasdaq Composite surged 0.91% or 28.13 points to 3,119.70.
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Tue, 03 Apr 2012 07:02:38 GMT

US manufacturing activity grew in March

US manufacturing PMI expanded more than expected last month, indicating growth for the 32th month in line. The PMI measured by the Institute for Supply Management jumped by 1.0 point attaining 53.4 last month as compared to a February figure of 52.4. Experts had predicted the manufacturing PMI in the US to expand by 0.6 points to 53.0.

Tue, 03 Apr 2012 06:30:08 GMT

European stocks rally on Monday

European shares advanced sharply on Monday as data showed manufacturing in US accelerated in March. Stoxx Europe 600 index climbed 1.5%, French CAC 40 index added 1.1% and German DAX jumped 1.6%. UK FTSE 100 index rallied 1.9%. Athens General index broke the positive trend and shed 2.1% driven by local banks. 

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