Seeking Alpha

Eurozone flash Markit manufacturing PMI 46 in Sep vs 45.1 in Aug, manufacturing output 45.5 vs...

Eurozone flash Markit manufacturing PMI 46 in Sep vs 45.1 in Aug, manufacturing output 45.5 vs 44.4, services 46 vs 47.2, composite output 45.9 vs 46.3 and hits 39-month low. "The eurozone downturn gathered further momentum in September, suggesting that the region suffered the worst quarter for three years," says Markit. The flash PMI is consistent with GDP of -0.6% in Q3, "sending the region back into a technical recession." (PR)
Comments (9)
  • I guess french people who voted for socialist Hollande would think again.
    20 Sep 2012, 04:17 AM Reply Like
  • 2 year Euro swap spread is 41....a 34 month low....
    20 Sep 2012, 04:32 AM Reply Like
  • Sounds like it might be time for the ECB to up the game and promise to do 110% of everything it can do and in October they can go to 120% of everything they can do. Move over Zimbabwe, here we come!
    20 Sep 2012, 05:38 AM Reply Like
  • europe headed down
    china gdp hard landing coming
    what makes anyone think the us is not vulnerable?
    20 Sep 2012, 06:34 AM Reply Like
  • Is the Stock Market Cheap?
    By Doug Short
    September 3, 2012
    A more cautionary observation is that when the P/E10 has fallen from the top to the second quintile, it has eventually declined to the first quintile and bottomed in single digits. Based on the latest 10-year earnings average, to reach a P/E10 in the high single digits would require an S&P 500 price decline below 540.
    20 Sep 2012, 06:50 AM Reply Like
  • are you short the market? if so, from where?
    20 Sep 2012, 09:19 AM Reply Like
  • Yes; I bought EDZ on Tuesday. Up about 4% this morning so far.
    20 Sep 2012, 09:42 AM Reply Like
  • If there is a problem, World-wide,.....Revolving credit having reached its limit, followed by non-revolving credit;.........Followed, by PIIGS and now France, thinking of selling parts of their being for, SAVING THEIR NAMES. But in the greater aspect of things, it's only, the "evolution" in a democratic way!
    20 Sep 2012, 07:10 AM Reply Like
  • ECB needs to follow the lead of Bernanke--see how all that currency devaluation helped our US economy BOOM? 1.5% GDP growth woohoo!!


    That's right, keeeeeep printing.
    20 Sep 2012, 02:19 PM Reply Like
DJIA (DIA) S&P 500 (SPY)