Just when it seemed that the economic data from the European Union could not get worse, new service sector purchasing managers index (PMI) information from Markit shows that the collapse in ... Read Full Story »
The manufacturing sector of the eurozone could not be saved by the region's largest nation by gross domestic product -- Germany. Research firm Markit reports that the balance of the ... Read Full Story »
Europe is proving to be the mess that cannot be cleaned up at least as rapidly as investors (and Europeans) had hoped. A macro research call from Morgan Stanley is ... Read Full Story »
Europe has dropped into recession, or nearly so. Eurostat reported that third-quarter gross domestic product in the euro-area fell 0.1%, compared with the second quarter. Among the EU27, GDP registered ... Read Full Story »
Economists and business chiefs increasingly say that trouble in Europe is the greatest threat to the world's financial and GDP futures. In addition, political stability in many nations and regions ... Read Full Story »
The financial ministers of the euro area will meet over the next two days. There is a very wide range of topics that they might discuss. The gathering should begin with some ... Read Full Story »
China’s central government statistics agency said the country’s purchasing managers index rose to 53.3 from a reading of 53.1 in March. The figure could signal an expansion, but only an extremely ... Read Full Story »
Europe continues its fall into a new recession. Research firm Markit reported about March. This morning it announced: The Markit Eurozone PMI Composite Output Index fell from 49.3 in February ... Read Full Story »
The purchasing managers indices of China, German and France all signaled slow growth or contraction in November. It is a sign that demand for exports and consumer expenditures are in free fall. ... Read Full Story »