GERMANY SURGES: Flash PMI Index Soars To A 7-Month High

Ok, here's some good news for Europe. German Flash PMI -- which is an initial composite economic reading that combines a flash manufacturing survey with a flash services survey -- just beat expectations on both sides. Here's the full summary from Markit: This comes after a weakish French Flash PMI, so this strength is a relief (and it's causing the euro to hit a session high on the news). One of the biggest stories in the economy is the exit from recession in Europe, and this strong German numbe...