China has to grow 7.2% annually to maintain employment growth

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Source: RTT News
Premier of China Li Keqiang said in conversation with All-China Federation of Trade Unions on October 21, that China's economy has to grow 7.2% a year to create 10 million new working places annually and keep the urban unemployment rate at about 4%. Meanwhile, Chinese service sector activity index advanced to 52.6 compared to 52.4 in September, indicating on sector's expansion.
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Tue, 05 Nov 2013 13:33:05 GMT

U.S. stock futures fall ahead of service industry data

S&P 500 futures maturing in December dropped 0.3% to 1,757.6 as of 7:29 a.m. in New York, ahead of service industry report coming out this week, which will show the U.S. economic performance after Fed required some more evidence of improvement before tapering monetary stimulus. Dow Jones Industrial Average contracts dropped 0.3% to 15,522, while LeapFrog Enterprises Inc. declined 9.1%.

Tue, 05 Nov 2013 11:46:03 GMT

Yen advances against the Euro before the ECB meeting

The Japanese Yen advanced against most of its 16 major counterparts. The Yen appreciated 0.3% against the Europe's common currency, before the President of European Central Bank, Mario Draghi today speaks ahead the monetary policy meeting. The Yen advanced 0.2% versus the greenback, before the U.S. reports that might show slower pace of economic growth and smaller gains for employment.

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