How Are Gold Prices Impacting the Watch Industry?

April 26 (Bloomberg) -- If there's one thing that Europe still does well, and still sells, it's luxury. Caroline Hyde recaps her trip to the world's biggest luxury watch show in Basel, Switzerland, on Bloomberg Television's "Countdown." (Source: Bloomberg)
China’s Official Factory Gauge Shrinks
40:55 - 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.
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