ISM services PMI, stock indices slightly up

Note: This section contains information in English only.
Source: Marketwatch

The Institute for Supply Management announced that Non-Manufacturing Purchasing Managers' Index rose 0.2, to 53.7 in May from 53.5 in April. Economists predicted the index to reach 53.6 last month. Any figure above 50.0 indicates industry expansion, below indicates contraction. On this news stocks climbed. Dow Jones Industrial Average added 0.10%, S&P 500 gained 0.33% and Nasdaq Composite rose 0.46%.

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Tue, 05 Jun 2012 19:11:21 GMT

Bank of Canada left interest rate at 1.00%

June is the 14th month in a row for benchmark interest rate to remain unchanged. The central bank, in its statement, said that it was leaving the overnight cash rate at 1.00%, which absolutely corresponded with expectations. The central bank also added that as the situation becomes better, some monetary policy stimulus could be withdrawn, but these decisions will be weighed thoroughly.

Tue, 05 Jun 2012 18:49:21 GMT

German manufacturing orders fell in April

While March figure was revised upwards by 1% to 3.2%, April results fell short of expectations – a drop in factory orders by 1.9% instead of an expected 1% contraction. The ministry thinks that this decline should be treated just as a correction of strong March figures. The fall is attributed to decreasing foreign demand, because foreign orders tumbled 3.6%, while domestic orders advanced 0.4%,

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