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NewsBreak: Stocks Tumble as German PMI Falls to 7-Year Low

Investing.com -- European stock markets turned lower Monday as another round of disappointingly weak readings from regional business surveys showed there’s still no sign of a turnaround in the economy.

Germany’s manufacturing Purchasing Managers Index fell to 41.4 from 43.5 last month, its lowest since 2012. Analysts had expected it to turn up to 44.0. The composite index fell to 49.1, also the first time in seven years it’s been below 50.

France’s manufacturing PMI fell to 50.3 from 51.1, while the composite index fell to 51.3 from 52.9.

Euro zone PMI is due at 4 AM ET (0800 GMT)

STOXX 600 -0.7% vs -0.2% before the news

DAX -1.1%, CAC 40 -0.7%

German 10-year yield -0.57% vs -0.53% beforehand


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