Europe on the mend and China decelerating

The Euro area composite PMI rose to 54.0 from 53.1, making it unlikely that the ECB will move against deflation in May
The Chinese HSBC/Markit flash manufacturing PMI was up to 48.3 from 48.0. However, this still shows contracting manufacturing and means China is still rebalancing
Yesterday on Boom Bust, the finance show I produce, Marshall Auerback gave a good overview of what is going on in Europe and what the policy options are. His verdict is that eurozone breakup is off the table for ...


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