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Dow is Up On Good Global Economic News

The Dow is up 32 points at 9:56 A.M. on good global economic news. Overnight, PMI data from Germany and France were released. German PMI rose from 50.7 in the previous month to 52.0, however France PMI remained constant at 49.7.

According to the Markit Flash Eurozone PMI Composite Output Index, Eurozone business activity increase at the largest pace in two years. PMI is currently 51.7, up from 50.5 in July. Below is a graph of PMI and GDP growth in the Eurozone.

Demand for manufactured goods increased from the previous month. On the other hand, employment is still falling but at a slower pace. In general, output in the Eurozone rose last month. This is a good sign of economic recovery in the region. Companies that are heavily invested in Europe are certainly worth watching. (Look for a follow up post on European Companies)