Wednesday, March 13, 2013

Gloomy Economic Data, European Exchanges Grim

Data Ekonomi Suram, Bursa Eropa Muram

Monexnews-most traded European stocks weakened on Friday after data on manufacturing and unemployment eurozone sparked recession severely screwing things about the area. China's economic Data are weak and trimming spending in the u.s. were also automatically reflects the sentiments of the European market.

DAX and CAC40 of France terlemapr Germany into the red zone, with each losing 1% and 1.3%. United Kingdom FTSE trailed with weakened about 0.5% so far.

The Euro zone manufacturing Data has just been released showing the continued contraction in the 17-nation bloc. PMI figures for the month of February on the level of 47,9 flat, slightly higher than an estimate of 47.8. While eurozone unemployment figures showed a rise to 11.9% in January from 11.8% in the previous month. Eurozone inflation also slowed to 1.8% from 2% in January.

The focus of investors on Friday also turned to Washington, where debate about trimming spending of $ 85 billion auto still continues. So far no compromise is expected to be created between U.s. President Barack Obama and Republican lawmakers. (vid)

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Title Post: Gloomy Economic Data, European Exchanges Grim
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Author: Mohammad Zulfi Satriawan

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