IMF chief fears ‘bumpy’ ride, as investors are unnerved by fresh surveys showing China’s manufacturing sector shrank in August * Christine Lagarde: Get ready for Chinese spillovers * European stock markets deep in the red again * Introduction: More weak data from China * France and Greece drag eurozone factories down 10.16am BST FINALLY, SOME GOOD NEWS. THE EUROZONE’S JOBLESS RATE HAS FALLEN TO ITS LOWEST LEVEL SINCE 2012. Unemployment across the single currency region dipped to 10.9% in July, down from 11.1% in June. Guess what: there's only 3 EU countries where the unemployment rate ↑ in July: Finland (to 9.7%), France (to 10.4%) & Austria (to 5.8%) 10.06am BST TENS OF THOUSANDS OF PROTESTERS ARE MARKING CHRISTINE LAGARDE’S VISIT TO JAKARTA WITH A DEMONSTRATION. They are calling for higher wages and an end to job cuts, and urging Indonesia’s leaders to launch new stimulus measures to kick-start its economy. Continue reading...
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