The Residential Real Estate Post-Crash Index-Moderated Message Board

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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated

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From: Smiling Bob	4/2/2013 6:27:28 AM
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;Perfectly choreographed move on "news" of old negative data not being revised down further More like world markets simultaneously spike with US futs being jammed. The same US mkt that ignores global events any other time it's deemed best for our "economy" ----- European shares edge higher as factory data holds up Reuters – 30 minutes ago Email 1 Print Related Content View PhotoA man is reflected on a stock quotation board outside a brokerage in Tokyo March 25, 2013. REUTERS/Issei Kato By Richard Hubbard London (Reuters) - European shares extended gains on Tuesday when new data showed the region's factory activity no worse than originally estimated in March, while the euro slipped as investors worried about the impact of the Cyprus bailout. The euro zone Manufacturing Purchasing Manager's Index (PMI), which points to future levels of factory activity, fell in March to 46.8 but was slightly better than a preliminary estimate of 46.6. "Euro zone manufacturing ... looks likely to have acted as a drag on the economy in the first quarter, with an acceleration in the rate of decline in March raising the risk that the downturn may also intensify in the second quarter," said Chris Williamson, chief economist at index compiler Markit. Although the index has extended its run below the 50 mark that separates growth and contraction for a 20th month, the lack of further bad news helped European equity markets push higher on the first trading day of the new quarter. (.EU)

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