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Shock Growth In U S Service Sector

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US service sector grows strongly
The services sector grew strongly in March
The US service sector grew at an unexpectedly fast pace in March, according to the Institute for Supply Management's latest monthly report.
Its closely watched services index rose to 60.5 in March from 60.1 in February, surprising analysts who had expected a slight slowdown to 59.
The rise was put down to an increase in new orders and a small dip in prices.
Any change to the service sector is closely watched in the US as it accounts for 80% of the total economy.

Looks like it may be a rush out of the Pound and Euro again this afternoon! Wild out there at the moment. The overall trend points to tightening and with the UK housing bubble on a knife edge who knows what a few hikes in IR will do........ :lol:

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Jobs numbers look like forcing rates up higher than anticipated:


NEW YORK, April 5 (Reuters) - U.S. blue-chip stocks fell on Wednesday after a sharp drop in U.S. gasoline inventories sent oil prices higher and comments from Treasury Secretary John Snow revived worries about rising interest rates.
But a 7 percent rise in Apple Computer Inc. (AAPL.O: Quote, Profile, Research) shares lent support to the technology shares.
Snow said on Wednesday he expects U.S. payroll data for March to reflect strength in the economy. "I'm looking forward to the jobs numbers on Friday. I think they'll be good numbers," Snow told a House subcommittee. [iD:nWAT005229]
His comments revived concerns that the Federal Reserve may keep raising interest rates more than expected amid signs of economic strength to keep inflation at bay


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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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