Industry Sector Weekly by Lloyds TSB

Fears of a double-dip recession in the global economy receded in the past week, following better than expected US employment data and strong manufacturing surveys from both China and the US. Growing global investment trends

Fears of a double-dip recession in the global economy receded in the past week, following better than expected US employment data and strong manufacturing surveys from both China and the US. In particular, the Chinese survey was boosted by a strong rise in domestic demand – perhaps supportive of global rebalancing hopes – while the US survey was buoyed by stronger employment and restocking. The Stoxx Europe 600 index rose for the first time in four weeks, led by gains in autos & parts, basic resources and construction & materials. Markets shrugged off weaker manufacturing surveys in the UK and eurozone.

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