China’s trade is still expected to fall in August compared to the same period last year, but at a slower pace than July
fell 0.4% to $89.67 per barrel, breaking back below the $90 mark. The Brent futures price briefly traded above $91 per barrel on Tuesday.The services sector of the U.S. economy expanded at a faster-than-expected pace in August, according to anThe ISM Services index registered a 54.5% reading, representing the share of companies reporting growth during the period. That was up 1.8 percentage points from the July reading and better than the 52.5% forecast from the Dow Jones consensus.
Services have expanded eight straight months, contrasting to the manufacturing side, which has seen 10 consecutive months of contraction. At an industry level, inventories rose 7.3 points and the employment index increased 4 points. Order backlogs slide 10.3 points, which was the only sub-index to show contraction.
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