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Thursday, June 21, 2012

Manufacturing woe continues from Europe to China.

 Factory activity in the eurozone and China continued to shrink in June, with the flash eurozone manufacturing PMI falling to 44.8 from 45.1 in May. Germany's print dropped to 44.7 from 45.2 while China's declined to 48.1 from 48.4, marking the 8th consecutive month of contraction.

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