Roundup: S&P -0.83%. Dow -0.62%. Nasdaq -0.97%. Gold $1,613.20. London -0.69%. Germany -0.87%. France -1.43%.
Flash Eurozone manufacturing PMI drops to 46.6 in March from 47.9 in February. “Looking ahead, two key indicators suggest that business activity trends could disappoint again in April. In the service sector, business expectations for the coming year fell to a three-month low, while in manufacturing the forward-looking new orders-to inventories ratio likewise fell to the lowest since December.” (Markit)
Flash US manufacturing PMI signals faster manufacturing expansion in March. Rate of job creation has increased. (Markit)
ICICI and Axis have been given a clean chit by the RBI. Party on! (ET) [stockquote]ICICIBANK[/stockquote] [stockquote]AXISBANK[/stockquote]
Is Indian infrastructure the most hated sector? “Private equity has been scarce and the capital market does not favor infrastructure companies as they are not a good story, so all sources of equity have withered. Banks are also being selective in lending.” [stockquote]INFRABEES[/stockquote](ET)
Getco, one of the world’s largest automated traders, has received regulatory approval to start operations in India, becoming the first western trading firm to tap into the country’s fast-growing electronic derivatives markets. (FT)
Have a nice weekend!