Asian stocks tumble on disappointing China PMI

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Source: Bloomberg
Equity markets slid deeper into the red on Wednesday after a factory gauge in China shrank more than expected, adding to worries over slowdown in the world's second biggest economy. The PMI measure fell from 47.3 in August to a preliminary 47.0 in September. The Shanghai Composite slumped 2.16%, while Hong Kong's benchmark Hang Seng dropped 2.33%. Elsewhere, the Australian S&P ASX declined 2.07%, while the Japanese markets were closed for a holiday. 
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Wed, 23 Sep 2015 09:34:04 GMT

Aussie and Kiwi drop amid China worries, whereas Yen firms

Both Australian and New Zealand's currencies experienced their biggest three-day slip over a month due to a sudden fall in Chinese manufacturing data, raising concern about the economy's state. The Aussie slid 0.9% to $0.7025, whereas the Kiwi fell 0.6% to $0.6257. In contrast to that, the Japanese Yen stepped up by 0.4% to 119.74 per US Dollar and by

Wed, 23 Sep 2015 08:45:15 GMT

French GDP growth in Q2 remains flat

Due to an abrupt decline in consumer spending along with investment, the Eurozone's second biggest economy did not make any progress in terms of GDP growth in Q2. More precisely, the French economic output booked a growth of 0% in Q2 on a quarterly basis, just after it posted a 0.7% growth in Q1 of 2015. Consumer spending remained static

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