Macro

Macro: mood is turning more positive, after the HSI ended 0.4% higher at 21,895, and European stocks opened up for the session. The Euro-zone flash PMI rises to a 26 mth high of 51.7 in Aug, up from 50.5 in Jul. The manufacturing PMI rose to 51.3 from 50.3, also marking a 26-month high. Analysts expected the composite index to come in at 50.9 and the manufacturing reading to climb to 50.7. "So far, the third quarter is shaping up to be the best that the euro area has seen in terms of business growth since the spring of 2011. " according to Markit, a research centre, signalling the euro-zone's recovery conitnues to gain momentum.