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European stocks declined moderately , after yesterday showed the greatest growth in the past eight months , which was associated with the release of the data set on business activity in the services sector. The dynamics also affect expectations publication of the American employment report . U.S. index futures are little changed , while Asian shares rose.
The Stoxx Europe 600 index fell less than 0.1 percent. Yesterday , it rose by 2.1 percent , as investors realized that the military confrontation in Ukraine will not lead to war.
One report showed that the private sector of the eurozone economy expanded in February , registering with the highest growth in the past two and a half years in February. Last growth was also higher than previously assumed, and the current sequence of growth increased to eight consecutive months. According to the report , the composite activity index from Markit, which evaluates the effectiveness of the manufacturing sector and the service sector , rose to 53.3 in February from 52.9 in January , marking the most significant improvement in business activity in June 2011 . The revised estimate was higher than previously thought - at the level of 52.7 . The index currently remains above the neutral mark of 50 for the eighth month in a row. The rise in the total private sector activity was associated with an increase in the manufacturing sector . Meanwhile, it was reported that the seasonally adjusted purchasing managers' index (PMI) for the services sector rose to 52.6 in February from 51.6 in the year. Originally reported value of this index at 51.7 . Economists were expecting the index to be 51.7 points .
With regard to the U.S. data , which will be presented later , many analysts believe that they will point to the continuing rise of the U.S. economy. According to the median forecast, the number of employees , estimated ADP Research Institute in February , will rise to 159 thousand Recall , March 7 will be released official data from the Ministry of Labour . It is expected that the unemployment rate will be 6.6 %, which is the lowest level since October 2008 . Also today, will be submitted to the index of business activity in the U.S. service . It is expected that in January drop to 53.8 , compared with 54 in the previous month .
Subsea 7 SA shares fell 6.4 percent after the company reported fourth-quarter net income was $ 72 million, compared with the average forecast of experts at $ 105 million
Cost of Standard Chartered Plc rose 1.9 percent . British bank said that in 2013 revenues were higher than forecast . It was also noted that the dividends will be at the rate of 57.2 cents per share, compared with estimates at 56.2 cents per share.
At the current moment
FTSE 100 6,788.05 -35.72 -0.52 %
CAC 40 4,381.41 -14.49 -0.33 %
DAX 9,558.86 -30.29 -0.32%
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