The world economy should be stabilized

From news coming from Europe, Australia and China, the world economy should be stabilized.

1/9 Europe’s manufacturing industry contracted less than estimated in August, with the index rising to 48.2 from 46.3 in July, a survey said.

1/9 Austalia’s central bank has kept benchmark interest rate unchanged at 3% for fifth month to spur strengthening economy.

1/9 PetroChina Company has bought a 60% stake in Canadian Anthabasca Oil Sands Corp’s MacKay River and Dover oil-sands for US$1.7 bil.

1/9 China’s manufacturing grew the fastest in 16 months in August with Purchasing Managers’ Index up to 54 from 53.3 in July.

1/9 Overnight Wall Street eased 47.92 points, or 0.5 % to 9496.28;Crude oil prices plunged USD 2.78 to USD 69.96 a barrel.