Euro-Zone vs. Greater China…

The euro zone's economic downturn deepened this month, even before Cyprus' bailout troubles, but China's factories took a completely different path and moved up.

The euro zone survey results will add to more obstacles for policymakers in Euro area to revive the common currency (Euro) and now to deal with the potential default of one of its members.

Data also showed leading economy Germany with signs of fatigue where the German economy release its report yesterday to show that the Manufacturing PMI indicator has dropped to 48.9. The PMI indicator, It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy.

On the other hand, French businesses turned in their worst performance in four years, probably plunging the euro zone's second-biggest economy into a recession.

Moving to the Greater China, China showed positive signs during the last period, where factories increased their pace after the previous drop, pointing towards solid but not spectacular first-quarter growth in the world's second-largest economy

The Chinese PMI for March revived to 51.7 in March from 50.4 in February, but remained below a two-year high of 52.3 reached at the beginning of the year.