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Shares fall as stimulus hopes fade, China PMI softens
Aug 1st, 2012
TOKYO (Reuters) - Asian shares fell on Wednesday as soft Chinese manufacturing data further undermined investor confidence and as hopes faded for bold stimulus action this week by the U.S. Federal Reserve and the European Central Bank to underpin faltering economies. European stocks were set to open lower, and a 0.1 percent drop in U.S. stock futures signaled a sluggish Wall Street start. Financial spreadbetters called the main indexes in London , Paris and Frankfurt to open down 0.1 percent. China's official factory purchasing managers' index fell to an eight-month low of 50.1 in July from ... (Source: Reuters) -
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