Guardian Stockbrokers Key Economic News Thursday 7 January 2021

Share On Facebook
share on Linkedin
Print

The key points from today’s economic news, brought to you by Guardian Stockbrokers.

©

UK services PMI rose less than anticipated in December

In the UK, the final services PMI rose to a level of 49.40 in December, compared to a level of 47.60 in the prior month. Markets were expecting the services PMI to record a rise to 49.90.

Euro-zone services PMI climbed less than expected in December

In the Euro-zone, the final services PMI recorded a rise to 46.40 in December, compared to a level of 41.70 in the prior month. Markets were expecting the services PMI to record an advance to 47.30.

German services PMI rose less than estimated in December

In Germany, the final services PMI climbed to a level of 47.00 in December, compared to a level of 46.00 in the prior month. Markets were expecting the services PMI to record a rise to 47.50.

US Markit services PMI dropped more than expected in December

In the US, the final Markit services PMI eased to a level of 54.80 in December, compared to a reading of 58.40 in the previous month. Markets were expecting the Markit services PMI to record a drop to a level of 55.30.

FOMC minutes: Fed officials backed bond buying pace

Minutes of the US Federal Reserve’s (Fed) December monetary policy meeting revealed that policymakers favoured to continue asset purchases at least at the current pace with some open to “future adjustments” if needed. Members saw increased challenges for the economy in the coming months due a surge in the coronavirus cases and reduced spending. However, officials indicated that positive news related to vaccine development helped strengthen the medium-term outlook for household spending.

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 Plc. ADVFN Plc 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.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210303 11:50:46