Markit Economics reported that its Final Eurozone Manufacturing PMI for January reached 47.9. Most major European stock indices got a boost on Friday, after Markit Economics reported that its Final Manufacturing PMI for January reached an eleven-month high of 47.9 from its flash reading of 47.5 and December’s 46.1 (NYSEARCA:VGK).  Although the result was still in the contractionary range (below 50) two of the member nations had readings above 50 and Germany came close, at 49.8 (NYSEARCA:EWG).  The following is the breakdown for the top eight countries, which was included in the report: Ireland:  50.3  (9-month low) Netherlands:  50.2  (4-month high) Germany:  49.8  (11-month high) Austria:  48.6  (2-month high) Italy:  47.8  (10-month high) Spain:  46.1  (19-month high) France:  42.9  (4-month low) Greece:  41.7  (2-month high) The Markit/CIPS UK Manufacturing PMI declined to 50.8 from December’s 15-month high of 51.2.  It was the second consecutive month of expansion for British manufacturing (NYSEARCA:EWU).  The report disclosed that the nation’s manufacturing output expanded at the fastest pace since September of 2011. As of 11:14 EST, the Euro STOXX 50 Index advanced 0.26 percent to 2,710 – staying well above its 50-day moving average of 2,649.  After breaking above its resistance level of 2,700 on January 21, the STOXX 50 is once again attempting a sustained advance above that level, which has been a barrier since the beginning of the new year.  Its Relative Strength Index is 51.48 (NYSEARCA:FEZ).  The FTSE 100 Index jumped 1.12 percent to 6,347 (NYSEARCA:EWU).  The German DAX Index rose 0.68 percent to 7,826 (NYSEARCA:EWG).  France’s CAC 40 Index surged 1.12 percent to 3,778 (NYSEARCA:EWQ).  Spain’s IBEX 35 Index took a 1.63 percent nosedive to 8,220 (NYSEARCA:EWP).  Italy’s FTSE MIB Index sank 0.74 percent to 17,307 (NYSEARCA:EWI). As of 12:24 EST, the euro advanced 0.70 percent against the dollar, trading at $1.3674 (NYSEARCA:FXE).   EUR/USD Hits 14-month High on U.S. Jobs Spain’s ten-year bond yield advanced to 5.21 percent on Friday from Thursday’s closing level of 5.20 percent.  Spain’s two-year bond yield was unchanged on Friday from Thursday’s closing level of 2.59 percent (NYSEARCA:EWP). Italy’s ten-year bond yield advanced to 4.36 percent on Friday from Thursday’s closing level of 4.35 percent (NYSEARCA:EWI). On London’s ICE Futures Europe Exchange, March futures for Brent crude oil advanced by $1.29 (1.12 percent) to $116.84/bbl. (NYSEARCA:BNO, NYSEARCA:USO). February Gold futures advanced by $11.70 (0.70 percent) to $1,672.30 per ounce (NYSEARCA:GLD).   Final Bottom in Gold Stocks Coming In Japan, stocks continued to advance on yen weakness, with the yen sinking to 92.5 per dollar (NYSEARCA:FXY).  Electronics giants NEC and Sharp, which have been in the red for over a year, finally reported profits as yen weakness boosted their export business.  The Nikkei 225 Stock Average advanced 0.47 percent to 11,191 (NYSEARCA:EWJ). The HSBC China Manufacturing PMI jumped to 52.3 in January from December’s 51.5, as manufacturing output surged for the third consecutive month.  The Shanghai Composite Index skyrocketed 1.41 percent to 2,419 (NYSEARCA:FXI).  Hong Kong’s Hang Seng Index dipped 0.03 percent to 23,721 (NYSEARCA:EWH). American stock index futures trading was in positive territory ahead of Friday’s opening bell after the January non-farm payrolls report disclosed upward revisions to the prior two months’ totals, with 247,000 new jobs added in November.  The March 13 Dow Jones Industrials future climbed 0.72 percent to 13,896 as of 9:14 EST.  The March 13 S&P 500 future advanced 0.60 percent to 1,502 (NYSEARCA:SPY).  The March 13 Nasdaq 100 future rose 0.72 percent to 2,744. Bottom line:  The release by Markit Economics of its final PMI reports for January brought good news to the Eurozone and better news for China .    Sign up for Wall Street Sector Selector’s FREE Stock Market Timing Indicator!    Disclaimer: The content included herein is for educational and informational purposes only, and readers agree to Wall Street Sector Selector’s Disclaimer , Terms of Service , and Privacy Policy before accessing or using this or any other publication by Wall Street Sector Selector or Ridgeline Media Group, LLC.