Friday, October 3, 2014

U.S. Trade Deficit Unexpectedly Narrows, Japan Services PMI Rises To 52.5

Latest update from New York, U.S. Trade Deficit Unexpectedly Narrows In August, With the value of exports increasing by slightly more than the value of imports, the Commerce Department released a report on Friday showing that the U.S. trade deficit unexpectedly narrowed in the month of August

But maybe stocks likely to Open Sharply Higher On Strong Jobs Data, Stocks are likely to show a strong move to the upside in early trading on Friday following the release of upbeat employment data. The major index futures are currently pointing to a sharply higher open for the markets, with the Dow futures up by 104 points

Bad data from Beijing, China September Non-Manufacturing Rises At Slower Rate, China's non-manufacturing business activity expanded at a slower rate in September, data from the National Bureau of Statistics showed Friday 

From Tokyo, Japan Services PMI Rises To 52.5 In September - Markit, Japan's services sector moved back to expansion in September, the latest survey from Markit Economics revealed on Friday, with a 16-month high services PMI score of 52.5

Eurozone still gloomy, Eurozone Sep Composite PMI Revised Downwards, Eurozone's composite purchasing managers' index, or PMI, was revised downwards in September, final figures from Markit Economics showed Friday

Meanwhile from London, U.K. Service Sector Growth Slowest In 3 Months, U.K. service sector expanded at the slowest pace in three months during September, but activity remained robust, supported by increasing demand and strengthening confidence. That said, the slowdown lent credence to the theory that the Bank of England may not be in a hurry to raise interest rates. The Markit/CIPS UK Services Purchasing Managers' Index dropped to 58.7 from August's 60.5

U.S. Employment Climbs More Than Expected In September, With employment increasing by far more than anticipated, the Labor Department released a report on Friday showing that the U.S. unemployment rate fell to its lowest level in over six years in the month of September

Source: rtt news

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