German PMI comes in at 46.3, the lowest since July 2009 and missing estimates for 49. The data adds to concerns about the outlook for the eurozone's largest economy
Preliminary eurozone PMI falls to 46 in April from 47.7 in March, vs. expectations of 48.1.
European markets are feeling the Monday morning blues and then some. London -0.9%. Paris -1.4%. Frankfurt -1.7%. Spain's IBEX 35 is -2.7%, while yields on Spanish 10-year bonds are up 7 bps to 6.05%.
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