China serviced PMI attained 51.4 in April

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Source: Forexfactory
China's services activity swung from contraction to expansion in April. HSBC reported that its services PMI index rose from 49.9 to 51.4 in April. Experts said that stronger growth in the serves sector may be attributed to the larger number of newly created businesses as well as to general improvement of the economic conditions in the country.
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Fri, 04 May 2012 07:03:54 GMT

ECB leaves the interest rate at 1%

The ECB left the core interest rate unchanged at record low level of 1% for the fifth month in a row in May. The bank also left deposit facility and marginal lending unchanged at 0.25% and 1.75%, respectively. The decision was widely expected. Traders await fresh comments from Mario Draghi regarding policies of the ECB aimed at struggling with persisting

Fri, 04 May 2012 06:41:53 GMT

Crude oil climbs in Asian session

Crude oil futures moved higher during Asian session on Friday amid broadly weaker US Dollar. The greenback's index that measures its performance against six main currencies declined by 0.05% to 79.24 US Dollars. Meanwhile, light, sweet crude oil futures for delivery in June traded at 102.67 Us Dollars per barrel on the New York Mercantile Exchange, advancing by 0.13%.

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