Uncertain Times Ahead As Markets Eye CIT Group





G10 Advancers and Decliners vs USD
EUR 0.11
JPY 0.11
CHF 0.08
GBP -0.14
Eurozone Unemployment in Aug was 9.6%; exactly on consensus estimates and modestly higher than the month prior (9.5%). National PMI figures across Europe were slightly better than expected (Eurozone composite PMI 49.3 vs. 49.0 exp.) but the EUR failed to benefit from the news, as markets were instead focussed on comments from EU’s Almunia; that the Eurozone’s finance ministers were to discuss EUR…

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