China's Recovery is Real: China's Manufacturing Growth At 6-Month High

Good news good news good news, finally China's Manufacturing Growth At 6-Month High, An indicator of China's factory sector performance rose to its highest level in six months in September as new export orders rebounded, preliminary results of a survey by Markit Economics and HSBC revealed Monday. The headline purchasing managers' index rose to a six-month high of 51.2 in September from 50.1 in August. A PMI reading above 50 indicates expansion of the sector

Meanwhile from Eurozone economic news, Eurozone Recovery Gathers Momentum, The Eurozone private sector recovery gathered momentum with the strong support of services activity, adding to signs that the region is recovering firmly from the longest recession, Purchasing Managers' survey results showed Monday. The flash composite output index rose more than expected to 52.1 in September, a 27-month high, from 51.5 in August