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DATA SNAP: UK July Services PMI 53.2 Vs 51.6 In June
By Ilona Billington
Of DOW JONES NEWSWIRES
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LONDON (Dow Jones)--The U.K.'s dominant services sector expanded for the second straight month in July, with the Purchasing Managers Index for the sector rising to a 17-month high. Research group Markit Economics and the Chartered Institute of Purchasing and Supply Wednesday said the services PMI rose to 53.2 in July from 51.6 in June. The size of the increase came as a surprise as economists surveyed by Dow Jones Newswires last week had forecast the PMI would increase to just 52.0. A reading above 50.0 indicates the sector is expanding, while a reading below 50.0 indicates it is contracting. -By Ilona Billington and Nicholas Winning, Dow Jones Newswires; +44 20 7842 9452; ilona.billington@dowjones.com Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?
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CURRENCIES: Dollar Slips Vs. Rivals In Asian Trading By Lisa Twaronite The dollar edged down against major counterparts in Asian trading Wednesday, as investors awaited U.S. employment data. One dollar bought 95.01, down from 95.25 yen in late North American trading on Tuesday. The dollar index (DXY), which tracks the U.S. unit against a trade-weighted basket of six major currencies, was at 77.671, down from 77.720 late Tuesday. "Major currencies remain vulnerable to risk on/off in sympathy of cyclical recovery expectations," said Tomoko Fujii, a rates and currency strategist at Bank of America Securities-Merrill Lynch Japan. "Wednesday's focus should be the U.S. ADP employment survey results, which should offer indications of Friday's official nonfarm payroll jobs data," she said in emailed comments. The euro was buying $1.4404, up from $1.4399 late Tuesday, and the British pound was at $1.6977, up from $1.6932. The Aussie dollar was buying 84.23 U.S. cents, up from 84.15 U.S. cents Tuesday, when the Reserve Bank of Australia kept its policy cash rate steady at 3.0% and abandoned its easing bias. Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=py6XKysBWxRFQBX8LswcYA%3D%3D. You can use this link on the day this article is published and the following day. (END) Dow Jones NewswiresAugust 05, 2009 04:43 ET (08:43 GMT)Copyright 2009 Dow Jones & Company, Inc.
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Currency Rates Of Coffee Producing, Consuming Countries
LONDON (Dow Jones)--U.S. dollar exchange rates as of 09:45 GMT August 5, compared with 09:18 GMT August 4.
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Producers:
05/08/09 (04/08/09) Angolan Kwanza AON 77.805 (77.805) Bolivian Boliviano BOB 7.02 (7.02) Brazil Real BRL 1.8168 (1.825) Burundi Franc BIF 1216.05 (1216.05) *CFA Franc XOF 455.15 (455.15) Colombian Peso COP 2044.5 (2009.5) Costa Rican Colon CRC 585.95 (585.95) Cuban Peso CUP 0 (0) Dominican Republic DOP 36 (36.05) Ecuadorean Sucre ECS 0 (0) El Salvador Colon SVC 8.7475 (8.7475) Ethiopian Birr ETB 11.337 (11.336) Guatemala Quetzal GTQ 8.1415 (8.1415) Guinea Franc GNS 4848.15 (4895.8) Haiti Gourde HTG 40.25 (40.25) Honduras Lempira HNL 18.925 (18.925) Indian Rupee INR 47.625 (47.635) Indonesian Rupiah IDR 9920 (9880) Kenyan Shilling KES 76.25 (76.35) Malawi Kwacha MWK 143.05 (142.05) Mexican Peso MXN 13.145 (13.132) Nicaragua Cordoba NIC 19.8815 (19.872) Papua New Guinea Kina PGK 2.635 (2.6261) Peruvian New Sol PES 2.97337 (2.98628) Philippines Peso PHP 47.835 (47.785) Venezuelan Bolivar VEB 0 (0) Vietnam Dong VND 17815 (17815) Zambian Kwacha ZMK 5075.5 (5075.5) Zimbabwe Dollar ZWD 365.4 (365.4025) CONSUMERS: Danish Krone DKK 5.1749 (5.1728) #Euro EUR 1.4391 (1.4395) Japanese Yen JPY 95.185 (94.835) Norwegian Krone NOK 6.0323 (6.046) Swedish Krona SEK 7.1385 (7.1543) Swiss Franc CHF 1.0626 (1.0612) * = The CFA Franc is the common currency of 14 African countries which are members of the Franc zone: XOF = Benin, Burkina, Ivory Coast, Guinnea Bissau, Mali, Niger, Senegal and Togo under the Central Bank of the West African States. XAF = Cameroon, Central African Republic, Chad, Congo, Equatorial Guinea and Gabon, under the Bank of the Central African States. # = Currencies that are quoted in U.S. dollars per unit of currency. All other currencies are quoted in units of currency per U.S. dollar. Source: OANDA Corp and yahoo.com. -By Caroline Henshaw, Dow Jones Newswires; 4420-7842-9372; caroline.henshaw@dowjones.com Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary:
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GLOBAL MARKETS: European Stocks Flat; Data To Set Direction

By Ishaq Siddiqi
Of DOW JONES NEWSWIRES
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LONDON (Dow Jones)--European stock markets have floated around the flat-line Wednesday, with investors dissecting the latest corporate results for clues about the extent of the economic recovery. "The market is pausing for breath, awaiting further direction. Traders have taken money off the table but are poised to get back in if the market breaks one way or the other," said Manoj Ladwa, trader at ETX Capital. At 0830 GMT, the Dow Jones Stoxx 600 index was up 0.1% at 228.10, while London's FTSE 100 index was down 0.2% to 4565.51, Frankfurt's DAX index was down 0.4% at 5395.7, and the CAC-40 index in Paris was 0.1% higher at 3482.7. The next few days are likely to be important in terms of giving the market a guide to the next direction, given the key economic data pieces scheduled for release. The U.S. ADP employment data Wednesday at 1215 GMT will offer a gauge at the current state of the U.S. labor market ahead of Friday's key U.S. nonfarm payrolls figure for July . "A less downbeat ADP employment survey could temper profit-taking in stocks ahead of nonfarm payrolls," said Kenneth Broux, market economist at Lloyds Banking Group. Also, Thursday's main economic agenda will be set around the policy meetings by the Bank of England and European Central Bank. "If these (data pieces) are all benign and we continue to get good earnings results then I think the market will continue its upward trend," added Ladwa. And there is no denying that there is value in the market, said Owen Ireland, sales broker at ODL Securities, "but many investors need to be aware that the markets have recovered eerily quickly considering the quagmire we were in less than a year ago." On the corporate front, banking stocks were in vogue again following earnings from France's Societe Generale SA (GLE.FR) and the U.K's Lloyds Banking Group PLC (LYG). Societe Generale returned to profit in the second quarter as revenues almost doubled at its corporate and investment banking unit. But Lloyds Banking Group reported that loan impairments rose more than five-fold in the first six months of the year. Still, shares in Lloyds pushed 5.6% higher, after it said it expected loan impairment charges to come down significantly from GBP13.4 billion in the first half. Shares in Societe Generale shares were 5.1% higher, and the pan-European Dow Jones Stoxx 600 banks index added 0.9%. On Wall Street Tuesday, the Dow Jones Industrial Average increased 33.63 points, or 0.4%, to 9320.19, marking its fourth straight day higher and the Standard & Poor's 500 tacked on 3.02, or 0.3%, to 1005.65. Still, Asian stock markets edged lower Wednesday with investors wary about whether recent upwards momentum can be sustained. Japan's Nikkei 225 closed 1.2% lower, South Korea's Kospi Composite ended down 0.4% and the Hang Seng index in Hong Kong closed 1.4% lower. "Players are worried that markets are becoming increasingly immune to positive cues, while any negative cues may trigger profit-taking," said Investrust CEO Hiroyuki Fukunaga. In foreign exchange markets, investors seemed to continue the previous session's trend of profit taking amid subdued equities, said Ashley Davies at UBS, and "the EUR/USD pair has hugged the $1.4400 level fairly precariously." At 0910 GMT, the euro stood at $1.4387, while sterling stood at $1.6981. The dollar traded at Y95.16. Elsewhere, spot gold was trading at $963.50 per troy ounce, around $2 below its close in New York. The front-month September Nymex crude oil futures contract was also a touch lower as trading entered a lull ahead of data expected to show a growing oil surplus. At 0910 GMT, the contract stood 43 cents lower at $70.99 a barrel on Globex, after settling at $71.42 a barrel, down 16 cents. Analysts expect oil inventories to rise by 500,000 barrels in the week ended July 31, while distillate stocks are seen increasing by 900,000 barrels, according to a Dow Jones Newswires survey, with the data from the U.S. Department of Energy due at 1430 GMT. Meanwhile, European government bonds are marginally weaker Wednesday, steadying after Tuesday's late price sell off following stronger-than-expected U.S. pending home sales data. At 0910 GMT, the September bund contract stood at 121.57, 0.02 higher. -By Ishaq Siddiqi, Dow Jones Newswires; +44-20-7842-9488; ishaq.siddiqi@dowjones.com Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=py6XKysBWxRFQBX8LswcYA%3D%3D. You can use this link on the day this article is published and the following day. (END) Dow Jones NewswiresAugust 05, 2009 05:15 ET (09:15 GMT)Copyright 2009 Dow Jones & Company, Inc.
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