Scoreboard: Fearful trading

Stockmarkets on both sides of the Atlantic slumped after a Malaysia Airlines passenger jet crashed in Ukraine near the Russian border.

The Philadelphia Fed's manufacturing index rose from 17.8 to 23.9 in July, well ahead of forecasts ( 16.0). The index has been particularly strong in the past four months. Across the subindices new orders, shipments, employment all recorded healthy gains. US jobless claims fell by 3,000 to a seasonally adjusted 302,000 last week.

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