Top News | Oct 23, 2014

Eurozone PMI surveys in focus

Equity markets in Asia followed U.S. stocks lower. HSBC’s preliminary pur-chasing manager’s survey signaled a continued, but moderate growth trend in China’s manufacturing sector, adding to signs export demand is helping the world’s second-largest economy weather a slowdown. Today, investors await the monthly PMI survey results from research institute Markit on services and manufacturing activity in the Eurozone.

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“Mirroring the weather with its heat storms and cold fronts, there recently were marked temperature swings on the financial markets”, says LGT chief economist Dr. Alex Durrer in his editorial for LGT’s investor magazine and explains the consequences.