BEIJING (Reuters) - China's official factory purchasing managers' index fell to an eight-month low of 50.1 in July, suggesting the sector is barely growing, while a rival HSBC survey indicated the more market-sensitive private sector is starting to recover.
Reuters
Fed to signal more easing but stop short of big steps
WASHINGTON (Reuters) - The Federal Reserve is likely to show on Wednesday that it is ready to act against a weakening U.S. economy but stop short of aggressive measures for now.
Shares fall as stimulus hopes fade, China PMI softens
TOKYO (Reuters) - Asian shares fell on Wednesday as soft Chinese manufacturing data further undermined investor confidence and as hopes faded for bold stimulus action this week by the U.S. Federal Reserve and the European Central Bank to underpin faltering economies.
Record joblessness in euro zone; hope fades for quick ECB cure
ROME/FRANKFURT (Reuters) - Joblessness in the euro zone hit on Tuesday its highest level since the single currency was born, a further sign of economic desperation as hopes erode that the bloc will be saved by its central bank this week.
