2011-01-06

U.S. economic data "double happiness"dollar increase in channel open

U.S. economic data "Double Happiness." 5, data showed the U.S. private employment data unexpectedly better than expected, boosted investor 7, the upcoming employment report last December's confidence. Service sector data released the same day of outstanding performance. Two data confirmed that the U.S. economic recovery, the market upward trend.

Affected by this news, rising from 6 early strength of the dollar, commodities are thus all the way down. Analysts believe that factors such as dollar positive outlook for the U.S. economy and the debt crisis in Europe and other concerns.

ADP, 5 according to the U.S. report released in December last year, the U.S. private sector to increase 297,000 jobs, nearly 3 times the market expected, but the data from the 2000 statistics the largest monthly increase since.

The unexpectedly large increase in private employment data, enhanced investor upcoming 7 days in December last year, the confidence of non-farm payrolls report. Currently, economists widely expect the U.S. in December last year, a total increase of 140,000 jobs, the overall unemployment rate fell to 9.8% from the previous 9.7%.

In addition, the Institute for Supply Management report released the same day last year, the U.S. ISM services sector index in December was 57.1 points, also higher than previously expected. In addition to services, real estate market also came good news, real estate research firm Reis latest statistics show that U.S. fourth quarter of last year, more than two years, apartment vacancy rate fell to a minimum, the rent rose 0.5%.