ISM non-manufacturing index rose more than expected in September

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Source: Bloomberg
The Institute for Supply Management's index of U.S. non-manufacturing sector increased to the highest level in six months. The figures rose to 55.1 in September from 53.7 in the prior month, beating analysts' expectations of 53.4. The reading follows factory data, which showed that manufacturing rose in September for the first time in 4 months. The ISM factory index increased from 49.6 a month earlier to 51.5.

"Business activity in the services, construction, and government sectors of the economy accelerated in September but these sectors are growing at only a moderate pace," said Steven Wood, President and Principal Economist at Insight Economics LLC.

"Growth in the third quarter was slightly better than it was in the second quarter."

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Wed, 03 Oct 2012 17:58:51 GMT

Australian trade deficit widened in August

Australian trade deficit widened to its highest level in more than four years, as exports from industrial commodities shrank, the Australian Bureau of Statistics said on Wednesday. Nation's trade balance dropped to a seasonally adjusted -2.03B, down from -1.53B in the previous month. Analysts had predicted Australia's trade balance to narrow -0.70B last month.

Wed, 03 Oct 2012 15:48:46 GMT

UK shares erase losses on Wednesday

UK shares rebounded on Wednesday on positive news from the US labour market. US ADP non-farm employment rose more than expected last month. However, weak data from the domestic market limited gains of the UK stocks.UK services PMI fell more than expected last month. Meanwhile, uncertainty over Spain's bailout continued to weight.  The FTSE 100 Index gained 0.17% to trade

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