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Data give signs of global recovery
FT Alphaville — The global downturn appeared close to a bottom on Wednesday after manufacturing figures from across the world suggested that recession in all big economies was receding. The news comes after nine months of sharp contraction in global manufacturing output and a dramatic plunge in world trade. The June data came from a series of surveys of purchasing managers in the manufacturing sector. Although headline figures were positive only in China, the manufacturing output element of the data was positive in the US, the UK and Japan as well.

Words from the (investment) wise July 5, 2009
The Big Picture — ... European economies has also decreased substantially since the start of the year, when pessimism was at its height, registering the most positive signs from industry in the past 10 months. “Chris Williamson, the chief economist of Markit economics, said: ‘The global manufacturing economy is being led out of recession by China, which registered a third consecutive monthly rise in output and the largest increase for a year.’” Source: Chris Giles, Financial Times, July 1, 2009. MoneyNews: Romer - US economy nearly stable ...