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China economy hopes give markets a lift

November 23, 2012 • Business


A money trader reacts during the morning trading at a brokerage in Tokyo Thursday, Nov. 22, 2012. In currencies, the euro rose to $1.2859 from $1.2825 late Wednesday in New York. The dollar slipped to 82.73 yen from 82.49 yen. (AP Photo/Junji Kurokawa)

LONDON (AP) — An upbeat Chinese manufacturing survey helped offset the disappointment felt in the markets of another round of grim European figures Thursday — on a day that saw trading seriously curtailed by the U.S. Thanksgiving holiday.

The optimism in the markets came in the wake of a manufacturing survey from HSBC. Its purchasing managers index (PMI), a gauge of activity, rose to a 13-month high of 50.4 for November from the previous month’s 49.5. Readings above 50 denote growth.

The figures gave Asian markets a boost earlier and that carried through into the European day. The FTSE Login to read more

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