All the latest economic and financial news, including Greece’s debt negotiations and the latest PMI surveys from China and the eurozoneDombrovskis: Talks to finish ‘in May or so’The Agenda: Eurozone PMIs this morningChinese factory activity slows again 7.56am BST Dombrovskis also said that Brussels still reckons Greece will avoid a Grexit:EUs Dombrovskis tells German TV: "The EU is working on the scenario that Greece will stay in the Euro" but will miss end of April deadline. 7.51am BST European Commission Vice President Valdis Dombrovskis has warned that Greece is unlikely to hit the latest deadline of a technical agreement with its creditors.“We’ve got to conduct the technical talks further and finish them perhaps in May or so,” Dombrovskis told German TV network ARD. He said it is important that all sides, including Greece, stick to their obligations. He also said: “The talks are going on. Progress is not good.” 7.46am BST The day has begun with worrying economic news from China, showing that factory activity declined at its fastest pace in a year.#China industr gauge drops to lowest in 12mths, shows China needs to do more to stabilise econ http://t.co/0vX7CJNCCF pic.twitter.com/lUbSxmBDBs 7.44am BST Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Related: Most migrants crossing Mediterranean will be sent back, EU leaders to agree The latest French manufacturing and services PMI numbers are expected to show an improvement to 49.2 for manufacturing from 48.8, and to remain stable at 52.4 for services.In Germany further improvement is expected for both numbers, to 53 for manufacturing and 55.5 for services. Continue reading...
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