UK service sector growth slowed in February

Source: Reuters
British service sector declined in February though the index above 50 showed the economy is expanding. The service Purchasing Managers' Index (PMI) dropped from 56.0 in the first month of the year to 53.8 in February. Nevertheless the service company confidence reached one-year record high amid growing employment across the sector. 


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Mon, 05 Mar 2012 14:24:06 GMT

Precious metals edged lower amid stonger US Dollar

Precious metals fell on Friday amid broadly stronger US Dollar after  negative news from the Euro Zone. Moreover, Ben Bernanke's announcement that the second round of quantitative easing in the US is not imminent continued to pressure precious metals' price. However, commodity group was supported by increased buying of the large exchange-traded funds. Gold holdings of the world's largest ETF

Mon, 05 Mar 2012 13:37:19 GMT

Euro Area PMI declines in February

Euro Zone manufacturing activity index dropped from 50.4 in January to 49.3 last month, lower than preliminary figure of 49.7. German PMI fell to 53.2, reaching two-month low while Italian and Spanish PMI indices slipped to 44.7 and 42.9 respectively, also attaining two-month record lows in February.

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