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HSBC Holdings PLC

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  • LONDON/ NEW YORK, March 24- Euro zone businesses ramped up activity this month as the European Central Bank started printing money to spur economic growth, while a slowdown among Chinese factories fueled expectations of more monetary stimulus. The Eurozone Composite Flash Purchasing Managers' Index from data vendor Markit, based on surveys of thousands of...

  • *China factory activity contracts- HSBC/ Markit. LONDON, March 24- Brent crude oil fell towards $55 a barrel in choppy trading on Tuesday after the dollar firmed, adding pressure to a market grappling with signs of slowing Chinese growth and Saudi Arabian oil production close to an all-time high. Brent futures for May delivery were down 49 cents at $55.43 by 1414 GMT,...

  • *China factory activity contracts- HSBC/ Markit. LONDON, March 24- Brent crude oil held below $56 a barrel on Tuesday, as signs of slowing growth in China and Saudi Arabian oil production close to an all-time high overshadowed a weaker dollar. Brent futures for May delivery were trading down 16 cents at $55.76 by 1311 GMT, while U.S. crude rose 50 cents to $47.95 a barrel.

  • LONDON, March 24- Leaving the European Union would be disastrous for Britain and harm its economy, Standard Life Chairman Gerry Grimstone said on Tuesday. "It would be disastrous for London and the UK if the UK were to leave the single market," Grimstone told a conference on how to maintain Britain's competitiveness as a financial centre. Grimstone, who also chairs...

  • *Gauge shows China factory activity skids to 11- month low. LONDON, March 24- The euro rose and European shares steadied on Tuesday, responding to signs the euro zone economy is gaining momentum, while a slowdown in factory activity in China kept oil and commodities-linked assets under pressure. "Any positive surprises from the euro area are further adding to this...

  • *China factory activity contracts- HSBC/ Markit. LONDON, March 24- Brent crude reversed early losses to rise above $56 a barrel on Tuesday, as a weaker dollar overshadowed signs of slowing growth in China and Saudi Arabian oil production close to an all-time high. Brent futures for May delivery were trading up 12 cents at $56.04 by 1154 GMT, while U.S. crude rose 30...

  • FOREX-Euro gains against dollar on robust PMI surveys Tuesday, 24 Mar 2015 | 7:38 AM ET

    *Aussie slips briefly after weak China flash HSBC PMI. LONDON, March 24- The euro rose for the third day running against the dollar on Tuesday, bolstered by better-than-expected euro zone business surveys that pointed to a broader recovery taking place in the currency bloc. The euro was up 0.4 percent at $1.0984, having risen to $1.10 after the business surveys...

  • *Gold hits 2-1/ 2 week high above $1,190/ oz. LONDON, March 24- Gold rose to a 2-1/ 2 week high on Tuesday, heading for its fifth session of gains on a weaker dollar and growing expectations that a U.S. interest rate increase could be pushed to September. "In the short term the dollar's drawback is favourable for a rally in gold; we seem to target $1,200 on the upside, which is a...

  • LONDON, March 24- Euro zone businesses ramped up activity this month, just as the European Central Bank starts printing money to spur growth and inflation, while a slowdown among Chinese factories has fuelled calls for more stimulus there. The ECB has only been buying for a couple of weeks and QE takes a long time to have any impact- if at all, "said Peter Dixon at...

  • *China factory activity contracts- HSBC/ Markit. LONDON, March 24- Brent crude reversed early losses to trade back towards $57 a barrel on Tuesday, as a weaker dollar overshadowed signs of slowing growth in China and Saudi Arabian oil production close to an all-time high. Brent futures for May delivery were trading up 64 cents at $56.56 by 1020 GMT, while U.S. crude...

  • *Gauge shows China factory activity skids to 11- month low. LONDON, March 24- The euro rose and European shares edged up on Tuesday, responding to signs the euro zone economy is gaining momentum, while a slowdown in factory activity in China kept oil and commodities-linked assets under pressure. San Francisco Federal Reserve Bank President John Williams said on...

  • *China factory activity contracts- HSBC/ Markit. LONDON, March 24- Brent crude oil held below $56 a barrel on Tuesday on signs of slowing growth in China and as Saudi Arabia said its production was close to an all-time high. The Chinese data followed comments from OPEC kingpin Saudi Arabia that it is pumping around 10 million barrels of crude per day, close to an...

  • FOREX-PMI surveys add to euro recovery Tuesday, 24 Mar 2015 | 5:08 AM ET

    *Aussie slips briefly after weak China flash HSBC PMI. LONDON, March 24- The dollar was back under pressure on Tuesday after three days of frantic trading that have seen the first serious doubts in its nine-month march higher and some signs of more resilience around the euro. "The trend may not be as straightforward as it has been in recent months," said Ian Stannard,...

  • SHANGHAI, March 24- Chinese companies grew increasingly cautious about spending in the first quarter as the economy cooled, with growth in capital expenditure dropping to its weakest on record even as profit margins held up better than expected, a private survey showed. Even companies in China's services sector, which has been one of the few bright spots in the...

  • *Gold largely retains gains near $1,190. SINGAPORE, March 24- Gold held firm near a two-week high on Tuesday, retaining gains from a four-day rally, as expectations grew that a hike in U.S. interest rates could be pushed to September. Gold, a non-interest paying asset, had been trending downwards on expectations of a near-term rate increase before the rally.

  • HONG KONG— China's manufacturing fell to the lowest level in nearly a year as new orders shrank, according to a report Tuesday that underscored the weakening outlook for the world's second biggest economy. HSBC's preliminary manufacturing index based on a survey of factory purchasing managers dropped to an 11- month low of 49.2 in March from February's 50.7.

  • SHANGHAI, March 24- China stocks fell on Tuesday, with investors taking profits after nine straight days of gains after a survey showed manufacturing activity contracted, but futures markets showed the market remains bullish in the medium term. "The weak HSBC flash may exert some corrective pressure on economy-related stocks such as banks, steel and...

  • *HSBC/ Market flash PMI signals persistent weakness in economy. BEIJING, March 24- Activity in China's factory sector dipped to a 11- month low in March as new orders shrank, a private survey showed, signalling persistent weakness in the world's second-largest economy that will likely fuel calls for more policy easing to support growth. The flash HSBC/ Markit...

  • *Gold largely retains gains near $1,185. SINGAPORE, March 24- Gold gave back some gains from a four-day rally on Tuesday but the metal was still near a two-week high touched earlier as expectations grew that a hike in U.S. interest rates could be pushed to September. Gold, a non-interest paying asset, had been trending downwards before the rally on expectations of a...

  • SINGAPORE, March 24- Oil prices dropped on Tuesday after activity in China's factory sector fell to an 11- month low and as Saudi Arabia said its production was close to an all-time high. That followed an overnight report that Saudi Arabia, OPEC's biggest producer, was now pumping around 10 million barrels of crude oil per day, a near all-time high and some 350,000...