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Wednesday, May 1, 2013

China PMI slips.

China's official PMI for April slipped to 50.6 from 50.9 in March — analysts polled by Reuters expected a reading of 51.0. Markets were likely prepped for the weakish print after HSBC's "flash" PMI printed at 50.5 for April, missing expectations by a full point. Both reports cited weakness in new export orders, a reflection of tepid global demand.

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