Markets

Australian Stock Market Report – Morning 3-7-13

US MORNING REPORT

(8am AEDT)

The US ADP reported another 198,000 private sector jobs were created in February, with January numbers revised up to 215,000. The underlying trend remains one of improvement in terms of job creation. US factory orders fell back by 2pct in January, largely due to a fall in demand for military hardware and commercial aircrafts.

Eurozone GDP was confirmed at a 0.6pct contraction in the December quarter, with annual growth at -0.9pct. Consumer spending fell by 0.4pct in the December quarter, gross fixed capital formation fell by 1.1pct, government spending dropped by 0.1pct, while exports and imports both fell by 0.9pct.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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