Europe Factors to Watch-Shares set to dip after poor China data
PARIS, March 24 (Reuters) – European stocks were set for a mixed open on
Tuesday after data showed Chinese factory activity unexpectedly skidded to an
11-month low, signalling weakness in the world’s second biggest economy.
Investors also awaited PMI data for euro zone countries including Germany
The flash HSBC/Markit Purchasing Managers’ Index (PMI) dipped to 49.2 in
March, below the 50-point level that separates growth from contraction.
Economists polled by Reuters had forecast a reading of 50.6, slightly weaker
than February’s final PMI of 50.7.
Shares in H&M will be eyed after the world’s second-biggest fashion
retailer reported a bigger fiscal first-quarter pretax profit than expected and
said sales so far in March were up 9 percent.