In the last quarter of 2010, Australia grew by 0.7% over the previous three months, despite the floods that have devastated parts of the country. As in the previous quarter, the annual growth rate remains at 2.7%.
United States, job creation in the U.S. private sector were higher than expected in February according to the ADP survey. Approximately 217,000 jobs were created in February, while economists were expecting only 175,000 creations.
In addition, new tensions on the European bond market emerged today following the announcement by Standard & Poor's kept under negative watch the debt rating of Portugal waiting for a European decision conditions of the proposed mechanism of financial stabilization. Thus, the debt rating of the country is still "A-".
On the oil front, U.S. inventories of crude oil fell unexpectedly last week according to EIA, falling by 364,000 barrels while economists expected a rise of 700,000 barrels.
United States, job creation in the U.S. private sector were higher than expected in February according to the ADP survey. Approximately 217,000 jobs were created in February, while economists were expecting only 175,000 creations.
In addition, new tensions on the European bond market emerged today following the announcement by Standard & Poor's kept under negative watch the debt rating of Portugal waiting for a European decision conditions of the proposed mechanism of financial stabilization. Thus, the debt rating of the country is still "A-".
On the oil front, U.S. inventories of crude oil fell unexpectedly last week according to EIA, falling by 364,000 barrels while economists expected a rise of 700,000 barrels.
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