U.K. service sector expands further

Source: Reuters
Activity in the service sector of the United Kingdom rose significantly in April of this year, while economists predicted no changes. The benchmark PMI Index for the main sector of country's economy, which account for more than 70% of the GDP, increased to 58.7 points last month versus 57.6 in March. Therefore, economic advance in the country is expected to continue.
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Tue, 06 May 2014 11:21:05 GMT

Australian CB keeps monetary policy unchanged

The Reserve Bank of Australia decided to keep the monetary course unchanged, while the benchmark interest rate remained at 2.5% level. As announced, the inflation pressure in the country decreases. At the same time, government spending cuts give the RBA more space to act in the future. Policy makers decreased the main interest rate by 2.25% since 2011 to avoid

Mon, 05 May 2014 16:16:06 GMT

Treasuries gain on weaker China's PMI

U.S. Treasuries advanced on Monday pushing the benchmark 10-year yields towards the weakest level in a three-month period after a report showed that manufacturing sector in China fell more than economists originally expected last month. The U.S. 10-year yields dropped 0.01% to 2.57% as of 6:30 a.m. in New York.

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