The U.S. non-manufacturing PMI fell to 55.2 in January

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Source: Forexcrunch
According to the Institute for Supply Management, the U.S. non-manufacturing PMI fell to 55.2 in January, following a recorded figure of 55.7 in December. The figure was matching the preliminary estimates and, still being in the positive ground, indicates expansion of the economy. Further forecasts expect a slide down to 55.0.
"The ISM survey signals that growth in the service sector has held up nicely early in 2013 despite the tax increases implemented at the start of the year and the surge in gasoline prices in February," said economists at J.P. Morgan.
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Wed, 06 Mar 2013 06:51:03 GMT

Aussie rises as nation's economy expands in Q4

The Aussie Dollar advanced versus most of the major counterparts as data showed Australia's economy expanded in the Q4, driven by exports and household consumption. The Dollar gained as much as 0.3% to $1.0285 at 4:52 p.m. in Sydney after rising 0.6% yesterday, the most since February 22. The Australian Dollar climbed 0.2% to 95.87 yen after earlier reaching 95.92,

Wed, 06 Mar 2013 19:33:03 GMT

WTI oil advances from this year's low

West Texas Intermediate oil bounced off from the lowest level of this year on Tuesday, as U.S. shares advanced amid company earnings data and as the Federal Reserve decided to continue with its stimulus programme. WTI oil for April delivery increased 0.5% to $90.59 after it fell to its lowest level since December 24 on Monday to $90.12.

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