U.S. services sector activity slows; private payrolls rise solidly (news: 04/04/18)

Today's press

  • WASHINGTON (Reuters) – U.S. services sector activity slowed in March, held down by a drop in new orders, while private employers maintained a brisk pace of hiring.

  • China has raised the stakes in the escalating trade showdown with the United States by unveiling tariffs on a wide-ranging list of American imports in response to levies on Chinese goods put forward by Donald Trump.

  • WASHINGTON (Reuters) – The U.S. Federal Reserve does not need to raise its benchmark interest rate much further given how close it is to the neutral rate, St. Louis Fed President James Bullard said on Wednesday.

  • Investing.com – The rate of growth in the economy's service sector slowed in March, according to a report released on Wednesday.

  • The Monetary Policy Committee of the Central Bank of Nigeria on Wednesday left the Monetary Policy Rate unchanged at 14 per cent.

  • The UK construction industry suffered its biggest drop in activity since the 2016 Brexit vote in March thanks to severe weather disruption due to the “Beast from the East”.

Next trading day's important events

  • 11:30 (GMT+3) UK – Markit Services PMI (Mar)


Forex quotes:

  • USDJPY: 106.48
  • EURUSD: 1.2301


Indices:

  • S&P 500: 2595.23
  • NASDAQ: 6884.89

Source: Alpari

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