Equity markets in Europe are largely lower even though they were showing solid gains for much of the day - which underlines the switch in sentiment.
The preliminary reading of the Manufacturing Purchasing Managers' Index for the Euro zone improved to 57.4 points in August from 56.6 points in July, better than the forecast for a drop of 56.3 points. Today's reading is the strongest in two months and is nearing its highest level Over the course of 6 years.
Read this short primer to learn the difference between the European Union and the Eurozone, and see which European countries belong to which group.
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