Markets

Bund futures reverse losses on weak business surveys

Published October 24, 2012 Updated October 24, 2012 09:00am

 

Markit's composite Purchasing Managers Index (PMI), measuring activity in both manufacturing and services, dipped to 48.1 in October from 49.2 the previous month, remaining below the 50 mark that separates growth from contraction.

 

The Ifo business sentiment indicator for October was also weaker than expected.

 

Bund futures were last 21 ticks higher on the day at 140.56.

 

Copyright Reuters, 2012