UPDATE 2-European shares deepen losses on slew of dismal PMIs [Reuters]
Nike, Inc. (NKE)
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Source: Reuters
European shares dive after grim flash PMI surveys (Reuters) - European stock markets fell back on Friday after downbeat manufacturing data from Germany reignited fears of a recession in the region’s biggest economy, erasing early gains on relief at the extension of Britain’s Brexit deadline. The pan-European STOXX 600 index slipped for a third day, down 0.6 percent led by losses of almost 1 percent in Milan and Paris while Frankfurt and London indexes lost just over 0.5 percent. The flash PMI survey of purchasing managers showed German manufacturing contracted further in March, registering its lowest reading since June 2013 and compounding fears that unresolved trade disputes are exacerbating a slowdown. The euro zone-wide flash PMI showed businesses also performed much worse than expected this month, while French business activity slowed unexpectedly. Industrial goods and services stocks and automobiles and parts makers, all fell about 1 percent after the data and Siemens AG and Airb
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