Asian equities fall on China's services sector

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Source: Reuters
Asian stocks slipped on Friday after reports worldwide showed that manufacturing activity improved mainly in the U.S., Germany and Japan, however service sector in the world's second largest economy declined together with factory sector. The MSCI broadest Asia-Pacific gauge outside Japan slid 1% and the Australian benchmark index ended lower as well.

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Fri, 03 Jan 2014 09:29:03 GMT

China's service sector drops to 4-month low in December

Non-manufacturing sector in the world's second largest economy declined in December falling towards the lowest level in four months mainly due to a drop in business expectations suggesting that the country's economy lost its momentum, the National Bureau of Statistics reported on Friday. China's service sector PMI fell from 56 in November to 54.6 in the following month.

Thu, 02 Jan 2014 14:34:03 GMT

U.S. jobless claims decrease to lowest in four weeks

The total number of applications for unemployment benefits in the U.S. declined during the week, which ended on December 28, as the typical for the end of the year volatility declined slightly. The number dropped to 339,000 from negatively revised 341,000 a week before. Economists were waiting for 344,000 applications, while the average four-week number of claims surged to 357,250.

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