A Weak Start to February and the Year of the Horse

Turmoil continues in emerging markets and China worries continue. But manufacturing confidence is growing in Europe. Jonathan Braude reports from London.
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Turmoil continues in emerging markets and China worries continue. But manufacturing confidence is growing in Europe. British banks fell on further bad news from Lloyds Bank, but manufacturers Rexam and Smith & Nephew did well on M&A. Smith & Nephew has agreed to spend $1.7 billion on Austin, Texas-based medical device maker ArthroCare.