EU service sector slows down; China cuts GDP target

PUBLISHED ON: March 5, 2012 | Duration: 23 min, 14 sec

   
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US markets weaken after the economic data shows that factories see steepest decline for new orders in a year while services sector chugs ahead crossing a year's high. Meanwhile, Eurozone service sector continues it slowdown as EU PMI falls to 49.3 but retail sales boost. China cuts growth target to 8-year low.
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