US ISM Non-Manufacturing PMI:
The service sector of US has shown a remarkable improvement in the past month. The reading was 53.2 in the month of December and this graph has gone high to 56.8. It is expected that the graph will go down to 56.3 in near future.
The Australian GDP climbed by 1% in the 3rd quarter and also 1.4% growth in the 2nd quarter. Though a growth is noticed on the government had planned a lower GDP growth for the next year to 3.25%. But right now we can expect growth of 0.7%.
UK rate decision:
The Bank of England has set its QE plan to £325 billion from mere £50 billion but also decreased its interest rate by 0.5%.
US Unemployment Claims:
US noticed a decline in the natives filing for unemployment benefits. Tough the unemployment is decreasing in US, the unemployment rate will take some time to be stable.
US Trade Balance:
Due to higher imports this season, US Trade Balance faced a deficit of $48.8 billion. This was an expected outcome by the market. More investment opportunities are giving positive vibes for lower imports. Still, a little more deficit is expected.