The key points from today’s economic news, brought to you by Guardian Stockbrokers.
©
UK services PMI rose less than expected in February
In the UK, the final services PMI climbed to 60.50 in February, compared to a level of 54.10 in the previous month. Market anticipations were for the services PMI to climb to a level of 60.80.
Euro-zone services PMI rose in February
In the Euro-zone, the final services PMI climbed to 55.50 in February, compared to a reading of 51.10 in the previous month. Markets were expecting the services PMI to advance to 55.80.
Euro-zone unemployment rate dropped more than anticipated in January
In the Euro-zone, the unemployment rate dropped to 6.80% in January, compared to 7.00% in the previous month. Markets were expecting the unemployment rate to decline to 6.90%.
German services PMI rose less than expected in February
In Germany, the final services PMI rose to a level of 55.80 in in February, compared to a level of 52.20 in the previous month. Markets were expecting the services PMI to record a rise to a level of 56.60.
US ISM Services index dropped in February
In the US, the ISM services index eased to 56.50 in February, compared to a reading of 59.90 in the prior month.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).
This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Ltd. ADVFN Ltd does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.