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Wednesday, April 5, 2017

UK services sector growth hits three-month high, as car sales smash records

Latest survey of Britain’s service sector beats forecasts, but consumer-focused companies may struggle this year * Latest: Greek PM pushes for emergency summit * UK service sector beats forecasts * What the experts say * GDP growth may have slowed to 0.4% last quarter * British car sales at record high * Eurozone business growth hits highest since 2011 1.35pm BST THERE ARE IMPORTANT DEVELOPMENTS IN GREECE TODAY TOO, AS EUROPEAN COUNCIL PRESIDENT DONALD TUSK VISITS ATHENS. “But this endless negotiation must come to an end.” “Some people are trying to hurt our recovery and bring a negative scenario back to the table for Greece and Europe during a sensitive time,” “This is the only positive result for Greece and for the whole [EU] community. “There is no political and substantial alternative. 1.24pm BST NEWSFLASH: AMERICA’S COMPANIES CREATED MANY MORE JOBS THAN EXPECTED LAST MONTH. The monthly ADP report shows that the US private sector created 263,000 new jobs in March, more more than the 185,000 which Wall Street expected. STRONG ADP. 263,000 jobs created in March vs. expectations of 185,000. (Though weirdly a significant downward revision to last month) Very strong ADP print, bodes well for Friday's NFP report. ISM Services due up later today. https://t.co/t0OnW8oPTQ https://t.co/h3aMqv6Prz Continue reading...


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