Service sector in US expanded, but at a slower pace

Note: This section contains information in English only.
Source: Bloomberg
The Institute for Supply Management's non-manufacturing index declined by 0.9 to 54.2, but remained above 50 mark which separates contraction and expansion states of the industry. At the same time service sector employment reached seven month high after last weeks employment numbers pointed at stronger US labor market. Specialist stress out that companies like Macy's and Kohl's will benefit from increased employment while home-builders will see a recovery of demand which should compensate for slowing manufacturing sector.
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Tue, 06 Nov 2012 07:43:19 GMT

Aussie climbs to one-month high as RBA keeps interest rate unchanged

The Australian Dollar touched a one-month high after the RBA unexpectedly held the interest rate unchanged at 3.25%. The Aussie Dollar climbed to $1.0435, the strongest level since September 28, before fetching $1.0426 at 4:04 p.m. in Sydney, 0.6% higher than the yesterday's close. The New Zealand Dollar reached 82.66 U.S. cents from 82.52.   

Mon, 05 Nov 2012 19:39:15 GMT

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