Australia Sept Trade Deficit A$1.456 Billion, Britain's Services Activity Expands At Slowest Pace In 22 Months

Latest update from Wall Street, US Stocks May Open Roughly Flat Ahead Of Election, After ending last week's trading roughly flat following a sell-off on Friday, stocks may show a lack of direction in early trading on Monday. The major index futures are currently pointing to a roughly flat open for the markets. Uncertainty about the outcome of Tuesday's presidential race between President Barack Obama and Republican challenger Mitt Romney is likely to keep some traders on the sideline

Latest economic data from Sidney, Australia Sept Trade Deficit A$1.456 Billion, Australia posted a seasonally adjusted merchandise trade deficit of A$1.456 billion in September, the Australian Bureau of Statistics said on Monday - a fall of 22.0 percent or A$420 million in the deficit from the previous month

From Beijing economic news, China's Service Sector Growth Eases In October, China's service sector expansion eased marginally in October amid further moderation in new order growth, a survey by Markit Economics revealed Monday

Latest update from G20 governors, G20 Urges U.S. To Address Fiscal Cliff. The Group of Twenty finance ministers and central bank governors, meeting in Mexico, have urged the U.S. to take steps to avoid the so called 'fiscal cliff,' the scheduled tax increases and severe spending cuts that could hurt growth of the world's largest economy. The meeting also discussed the risks emanating from the delay in resolving the Eurozone debt crisis. The possible fiscal tightening in Japan also came up for discussion, which may unsettle the already fragile global economic growth

One of my fave country in Southeast Asia, Indonesia Growth Eases Slightly In Q3, Indonesia's economic growth softened in the third quarter as weak exports reflecting subdued global growth, weighed on expansion. However, robust domestic consumption and investment helped the nation to log above-6 percent growth and remain one of the strongest in Asia. Southeast Asia's largest economy expanded 6.2 percent year-on-year in the third quarter, marginally below the 6.37 percent expansion in the previous quarter, the Central Bureau of Statistics revealed Monday

From Britains economic data, U.K. Services Activity Expands At Slowest Pace In 22 Months, The U.K. services sector expanded just marginally in October raising concerns about the sustainability of the strong recovery seen in the third quarter. The headline Purchasing Managers' Index fell more-than-expected to 50.6 from 52.2 in September, survey data from Markit Economics and the Chartered Institute of Purchasing and Supply (CIPS) showed Monday

Source: rttnews