non-manufacturing index

Fastest services growth since 2005 propels U.S. GDP

By Jeanna Smialek, Bloomberg | September 5, 2013

Service industries in the U.S. expanded in August at the fastest pace in almost eight years as a pickup in demand encouraged companies to step up hiring, showing the world’s biggest economy is gaining momentum.

Swiss franc pulls back as traders move away from safe havens

By Anthony Lazzara | September 5, 2013

The SEP13 Swiss franc is the big loser in today’s FX markets, with the Franc/USD trading down 96 ticks to 105.87. As the economy heats up in Europe, China, and U.S. investors may be less likely to seek safe havens such as gold and Swiss franc.

Euro slides to six-week low on Draghi comments

By David Goodman, Bloomberg | September 5, 2013

The euro declined to a six-week low versus the dollar as European Central Bank President Mario Draghi said officials discussed an interest-rate cut at today’s policy meeting.

Growth in U.S. services unexpectedly accelerated in August

By Jeanna Smialek, Bloomberg | September 5, 2013

Growth in U.S. service industries unexpectedly accelerated in August as orders picked up, showing further progress in the world’s biggest economy.

Treasuries fall with U.S. stocks while New Zealand kiwi weakens

By Nick Taborek and Susanne Walker, Bloomberg | August 5, 2013

Treasuries fell as stronger growth in American service industries dimmed prospects for Federal Reserve bond buying, while U.S. benchmark stock indexes retreated from records.

Corn falls out of favor, yen stays strong

By Anthony Lazzara | August 5, 2013

Corn futures have been beaten down over the past month, and are down again today. We are curious to see when the market will bounce from overbought conditions, but we may have a ways to go.

Services in U.S. expand at fastest pace in five months

By Victoria Stilwell, Bloomberg | August 5, 2013

Service industries in the U.S. expanded in July at the fastest pace in five months, a sign the world’s biggest economy will improve after slowing the last three quarters.

Service industries in U.S. expanded at a faster pace in May

By Michelle Jamrisko, Bloomberg | June 5, 2013

Service industries in the U.S. expanded at a faster pace in May, indicating the world’s largest economy is weathering a downturn in manufacturing and federal budget cuts.

Dow reaches 15,000 as copper jumps while Treasuries drop

By Michael P. Regan and Inyoung Hwang, Bloomberg | May 3, 2013

U.S. stocks rallied, with the Dow Jones Industrial Average reaching 15,000 for the first time, and Treasuries slid as faster-than-forecast employment growth bolstered optimism in the world’s largest economy.

Dow reaches 15,000 as jobs growth exceeds economist forecasts

By Inyoung Hwang and Lu Wang, Bloomberg | May 3, 2013

U.S. stocks rose, sending the Dow Jones Industrial Average above 15,000 for the first time, as employment picked up more than forecast in April and the jobless rate unexpectedly declined to a four-year low.

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