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Market Update

European Markets Tread Water

European markets stuck to the flat-line early Thursday as investors digested mixed economic reports from Asia and Europe.

A preliminary reading released earlier in the day by HSBC/Markit showed manufacturing activity in China declined unexpectedly. The flash reading came in at a six month low of 49.6, down from a final print of 50.5 in December -- marking its first contraction in six months.