China's manufacturing PMI better off to promote European shares were up

Sina finance and economics (Beijing time on October 24, afternoon news, Wednesday in early trading, the stock go up, change alternately on Tuesday. Previously the Chinese manufacturing industry data better off, but for enterprise earnings concerns may make or restricted. But Beijing time, pan-european blue FTSEurofirst 300 index rose 0.30%, to 1091.99 points. On Tuesday the index fell 1.7%.
Data shows, oct. HSBC China manufacturing PMI preview value 49.1, the highest for three months; New orders and output growth, showing the economy better. But because of PMI still not as good as expansion contraction watershed 50, recovery may be slow pace.
The third quarter enterprise earnings continue to disappointing, the world's second largest truck maker Volvo performance decline than expected, and is expected to 2013 in key markets no growth.
Hampstead Capital hedge fund manager Lex van Dam said: "performance warning the great number of amazing, so if there is no Spanish for news, the market to have a big progress." (chu ink/compiler)