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Wednesday, October 24, 2012

Eurozone economic gloom deepens.

 Eurozone flash manufacturing PMI fell to 45.3 in October from 46.1 in September, with activity in Germany declining sharply. While eurozone GDP may drop modestly in Q3, "a steeper fall looks to be on the cards" in Q4, said Markit. "Sentiment about prospects for the year ahead are now the gloomiest since early-2009, when the post-Lehman Brothers crisis was in full swing

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