VENTURE CAPITAL POST

China's vast factory sector showed signs of steadying in September as export orders climbed, a private survey showed on Tuesday, easing fears of a hard landing but pointing to a still-sluggish economy facing considerable risks.

New orders for capital goods by U.S. businesses rebounded in August, pointing to underlying strength in the economy. The economic outlook also got a lift from other data on Thursday showing only a marginal increase in the number of people filing new claims for unemployment benefits last week.

The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but that probably does not signal a material shift in labor market conditions as claims remain near their pre-recession levels.

The late Nelson Mandela's economic legacy in South Africa will be challenged as the country has yet to reduce its high unemployment rate and inequality in races.

French President Francois Hollande said he would continue to stimulate the jobs market to chip down the soaring unemployment numbers in the country.

Investors said that the bond yield spike brought about by new jobs are signals to prepare their portfolios.

The 17 nations in Euro zone suffered from recession. Unemployment was high but inflation rate remains up.

The U.S. Conference of Mayors said President Barack Obama's financial plan would hurt the economy.

Due to high unemployment rates, the Philippines Stock Exchange Index fell 4.6 percent, its biggest loss since September 2011.