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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
US nonfarm payrolls rose more than expected in March
In the US, nonfarm payrolls climbed by 916.00 K in March, compared to a rise of 468.00 K jobs in the previous month. Markets were expecting nonfarm payrolls to record a rise of 647.00 K.
US factory orders dropped more than expected in February
In the US, factory orders registered a drop of 0.80% on a MoM basis in February, compared to a revised rise of 2.70% in the prior month. Markets were expecting factory orders to record a fall of 0.50%.
US ISM services index rose in March
In the US, the ISM services index advanced to a level of 63.70 in March, compared to a reading of 55.30 in the prior month. Market anticipations were for the Index to advance to a level of 58.50.
US unemployment rate dropped in March
In the US, the unemployment rate dropped to 6.00% in March, as expected and compared to 6.20% in the previous month.
Japan Jibun Bank services PMI climbed in March
In Japan, the Jibun Bank services PMI advanced to a level of 48.30 in March, compared to a reading of 46.30 in the prior month.
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