Morning Movers: Kohl's, Food Inflation, Cisco, Euro

Aug. 9 (Bloomberg) -- Bloomberg's Tom Keene, Sara Eisen and Scarlet Fu highlight the news you need to follow for today's trading. They speak on Bloomberg Television's "Bloomberg Surveillance."
China’s Official Factory Gauge Shrinks
27:01 - China’s Purchasing Managers’ Index fell to the lowest reading in three years as monetary easing failed to revive old growth drivers weighed by overcapacity and sliding prices. The figure was 49.7 for August, matching the median estimate in a Bloomberg survey and down from 50 in July. Meanwhile, Australia left interest rates unchanged as a declining currency cushions the impact of lower commodity prices and a weaker outlook for its key trading partner.
  • Are Markets Overreacting to China?
  • Markets Will Be Messy for Next Two Months
  • Why China's Market Crash Isn't a Reflection of Economy