U.s. Economy, Chinese Economy | featured news

A survey of manufacturing conditions in China showed marked improvement in October. Analysts said the reading reflected the effect of a steady drip of stimulus measures introduced by Beijing.

The euro zone's economic woes accelerated last month and China's slowdown looked likely to extend to a seventh quarter, surveys on Wednesday showed, while the United States proved the bright spot with better-than-expected news on services and jobs.

Stocks tumbled on Thursday, extending losses for a fourth straight session, as the Federal Reserve's weak outlook for the U.S. economy and disappointing data from China heightened fears about a global recession.