Some good news for the euro zone, but a ways to go yet. Manufacturing data showed the bloc's downturn eased markedly in May, but falling factory prices still failed to drum up new business. The data showed confidence in the euro zone was also improving. It's the highest reading since February last year, and the first time the downturn has eased in four months. But Morgan Stanley's Ian Stannard says Europe shouldn't get its hopes up just yet.moreless
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