The services sector index expands in June, but at a slower pace - USA Today

WASHINGTON - A key index for the services sector, which employs nearly 90% of the active population of the country, expanded to a 19th consecutive month in June. But the slow growth in May. Richard Drew, AP

In this photo of June 29, 2011, lunch is served to the guests at The Palm restaurant in the neighbourhood of Tribeca in New York.

Richard Drew, AP

In this photo of June 29, 2011, lunch is served to the guests at The Palm restaurant in the neighbourhood of Tribeca in New York.

The Institute for supply management said Wednesday that its index for tempered service companies 53.3 in June of 54.6 in May. Any reading above 50 indicates expansion.The Group of private trade measures activity for a range of industries, including retail, health care, finance and construction services.The index reached a record of five years of 59.7 in February. But since then, decreased growth. The index plunged to a minimum of 37.6 in November 2008 to the financial crisis. The sector has contracted for all but three months in gas 2009.High and food prices have left consumers with less money to spend on discretionary goods, such as holidays, appliances and furniture. Who has evil of retailers, restaurants and hotels. The index has fallen to 52.8 in April, the lowest reading since August.Gas prices have declined since early may reaching an average national of almost $ 4 per gallon. That should make it easier for consumers to spend more on other goods. Price of gasoline on average $3.57 a gallon across the country Wednesday, according to AAA.A separate ISM index to monitor activity in the manufacturing sector expanded in June at a faster pace than the previous month, as a disruption of supply from the earthquake of Japan faded.Still, most economists say that the economy grew at a low rate in the period April-June. Likely growth came in better than the annual rate of 1.9% recorded in the first three months of the year.Many economists expect growth to rebound a bit in the second half of the year. It is expected to increase to 3.2% during the period from July to December, according to a poll of 38 economists the Associated Press.Growth must be already significantly reduce the rate of unemployment, which was 9.1% last month. The economy should grow at a rate of 5% for a whole year to significantly reduce the unemployment rate. Only 3% economic growth in the year would hold stable unemployment and keep pace with population growth.Employers added only 54 000 net new jobs in may, much slower than the average gain of 220 000 a month in the previous three months.The Government reported Friday on the hiring of data in June. Economists expect the economy added only 90 000 jobs and the unemployment rate remained unchanged, survey by FactSet.

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Stock index future dip; Intel earns eyed (Reuters)

NEW YORK (Reuters) - U.S. stock index future pointed out an open slightly lower on Wall Street Thursday, with futures for the S & P 500 down 0.15%, Dow Jones future fell by 0.02% and Nasdaq 100 future down 0.03% at 1: 46 pm EST.

* Intel Corp (INTC.)(O) is to report quarterly results Thursday then that economic data include weekly claims without a job, the number of international trade in November and December producer prices.

* Global shipments of personal computers slipped only slightly in the fourth quarter, a pair of trackers in the industry, said Wednesday, injured by demand for holidays low consumption and competition from Apple (AAPL).(O) Tablet iPad.

* U.S. focus on Interior funds found share repurchases of 4.229 billion the week that ended January 5, net flow liked money in three months, the investment company Institute data showed on Wednesday.

* Extended oil gains Thursday to hold less $92 a barrel, application supported by signs more after U.S. crude oil inventories fell more than expected and a cold wave swept across northeast of the United States, the largest in the area of heating oil market.

* Soft products were also in the spotlight, bought Chicago corn up to 1% while soy gains extended, with both markets climbing at their most high in almost 2-1/2 years, propelled by a reduction in the global supply of grains and oilseeds forecasts by the surprisingly steep Bush.

* European stocks decreased by 0.4% in trade from morning following a two-day gathering brisk, as investors await auction of the Spain key binding and Italy, as well as the decisions of interest rates and of feedback from the Bank of England and European Central Bank.

* U.S. stocks ended solidly more Wednesday after that European debt concerns eased and has attracted a large advance, led by banks and commodity-related actions.

* The Dow Jones industrial average (.)(DJI) has been 83.48 points, or 0.72 percent, to 11,755.36. The Standard & Poor 500 Index (.)(SPX) was 11.47 points or 0.90% to 1,285.95. Nasdaq Composite Index (.)(IXIC) was SF points, or 0.75%, to 2,737.33.

(Reporting by Blaise Robinson.) (Editing by Mike Nesbit)

Stock index future little changed (Reuters) (Yahoo!)

PARIS (Reuters) - stock index term indicated mixed open on Wall Street Monday, with the S & P 500 0.05% decrease in term term up to 0.03% Dow Jones and Nasdaq 100 Futures down 0.06% 0853 GMT.

The dollar edged, supported by the Treasury yields higher after improving the United States data last week.

US Treasury bonds has fallen in Asia, yields 10 years hit a maximum of six months as dumping of Treasury obligations retained investors behind growth and higher than the United States deficits.

European shares expanded their two-week rally Monday, reaching a maximum of 26 months, in the wake of data United States and optimistic Chinese.

Data published over the weekend showed China's industrial production in November beat expectations with a slight acceleration in 13.3% on the year growth of 13.1% in October, sending of copper at a record level.

The data also show the overall inflation in Chinese climbing to a maximum of 28 months of 5.1 per cent in November, year of 4.4% in October.

Concerns that China would raise interest in the weekend due to rising inflation rates themselves are not made. Instead, the sources told Reuters Monday a selective increase in minimum reserves for Chinese banks to expire this week will be extended for three months.

Oil prices were higher Monday after the Organization of petroleum exporting countries was agreed at the end of week to maintain flat crude oil production levels.

The Financial Times said on Monday that European officials are considering plans to overhaul 440 billion euros and the use of the euro area relief funds to purchase bonds for grieving

Governments, making it easier helping countries submerged debt without full bail.

President Barack Obama tax deal with Republicans winning likely reluctant passage in Congress United States, supporters and opponents agreed Sunday after Obama clashed with the Liberals in his own party that it marks a collective for the rich.

Genzyme (GENZ.O) will be discussed after that Sanofi-aventis (SASY.PA) has extended its offer $ 18.5 billion in cash for the firm of biotechnology on January 21 and left the door open the possibility to extend the most, a sign of French drugmaker prepares for a long battle.

Wal-Mart Stores Inc.. (WMT.N) is advanced with the trade unions for the construction of New York talks to obtain their support for its entry in the New York City retail market, The Wall Street Journal reported on Sunday.

Capital commercial centres (CSCG.L) has slammed as "unable to implement and completely unworkable" alternative financing offers its shareholders and aspiring bidder Simon Property Group Inc. (SPG.N), which quickly responded, calling the SCC to postpone a vote on its proposed acquisition of Trafford Centre Centre commercial.

Grocery chain great Atlantic & Pacific Tea co. (GAP.N) filed for bankruptcy Sunday, drained silver difficult competition and a sluggish economic recovery.

Carlyle Group (CYL.UL) Chief Financial Officer Peter Nachtwey has resigned and the move could delay provided public savings capital American Society of private investment, the Financial Times said, citing people familiar with the matter.

General Electric Co. (GE.N) said Monday, buy company oilfield British Wellstream Holdings Plc (WSML.L) services to approximately 800 million pounds ($1.3 billion), an agreement that would expand the U.S. conglomerate submarine equipment and services portfolio.

U.s. stocks pink Friday, with the S and P 500 at its highest level since the week Lehman Brothers has collapsed in 2008 and violate the technical levels suggest the year-end rally will persist.

The industrial average, Dow Jones (.DJI) added 40.26 points, or 0.35% to 11,410.32. The standard & Poor of 500 (.SPX) acquired 7.40 points or 1,240.40 0.60%. Nasdaq Composite (.IXIC) increased 20.87 points either 0.80%, 2,637.54.

(Reported by Blaise Robinson.) (Editing by Louise heaven)