U.K. services index grew at fastest pace since 1997

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Source: Bloomberg
U.K. services activity index unexpectedly rocketed to 62.5, comparing to September's figure of 60.3, heading for fastest growth since May 1997, Markit Economics revealed today, while the construction and manufacturing indexes also advanced in previous month. The Britain's economic output will grow 1.3% this year and 2.2% in 2014, the E.U. Commission said today.
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Tue, 05 Nov 2013 14:16:03 GMT

The EC expect economy to grow less than earlier forecasted; unemployment will decrease in 2015

The European Union's GDP is estimated to stay at current level in 2013 and may decline by 0.4% in Eurozone, according to EC autumn forecast. In 2014 the economic performance in E.U. is expected to grow by 1.4% and by 1.1% in Eurozone, while the figures forecasted for the year 2015 are a little bit more optimistic and will correspond

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%.

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