Service sector in UK expands at weakest rate since 2013

Note: This section contains information in English only.
Source: Bloomberg
The growth in the UK services sector surprisingly slowed its pace in August, as the PMI reading showed on Thursday. The index of activity declined to 55.6 in August, down from the print of 57.4 points in July, missing the estimates of 57.6 points. Meanwhile, the recent slowdown in manufacturing and services sectors in the UK could weigh on the BoE's decision on the monetary policy due next week. 
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Thu, 03 Sep 2015 13:59:04 GMT

ECB makes no changes to rates, Draghi's presser in focus

The ECB Governing Council made no changes in interest rates for ninth consecutive meeting on Thursday. Refinancing rate was left at the record low of 0.05% and the overnight deposit rate stayed at negative 0.20%, while the marginal lending rate remained at 0.30%. Moreover, attention moved to Mario Draghi's press conference that will take place later in the session.

Thu, 03 Sep 2015 11:06:04 GMT

European markets advance ahead of ECB meeting

European stock markets surged on Thursday amid ECB meeting later in the session. London's FTSE 100 advanced 1.81% to 6,193.43, French CAC 40 gained 1.53% to 4,624.51, while German DAX soared 1.78% to 10,226.79 by 9:00 AM GMT on Thursday. Additionally, Chinese markets were closed for a two-day national holiday after a turmoil in the markets in a recent weeks.

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