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Top Stories Europe Markets: Wall Street rebound inspires early Europe gains Europe stock markets shoot higher in early trading on Tuesday in the wake of a sharp rebound for Wall Street, with banks and resource stocks leading the gains.
Telecom Report: China growth in 3G subscriptions easing China’s three telecom operators reported weaker subscriber additions in April for the key 3G segment, though whether the drop marked a trend remained uncertain.
Asia Markets: Asia stocks rally, with resource, tech shares up Asia stocks rally, tracking overnight gains in the U.S., with many indexes up 1% or more as resource and tech shares help lead the advance.
Currencies: Dollar edges back up as euro slips The dollar resumes a path higher on Tuesday after taking a leg down in the prior session.
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May 22, 2012 4:32 AM EDT
On the first trading day of August, the markets were off to a solid start. The buying started over in Asia. HSBC China Manufacturing PMI for July slipped to 49.4 from 50.4 in June. The slip to flat growth in this index and the Chinese government’s Federation of Logistics and Purchasing Index to 51.2 from 52.1 confirmed that efforts to slow the unsustainable growth in China are working. Investors felt that this would ease the government’s highl... full story >>