Thursday, July 5, 2007

UPDATE 1-U.S. June services growth rises to 1-year high-ISM

(Reuters) - The Institute for Supply Management's services index rose
to 60.7 from 59.7 in May. The median forecast among analysts
polled by Reuters was 58.0. A number above 50 indicates
growth.




The dollar rose to the day's highs versus the euro
but U.S. stocks showed little reaction to
the data, maintaining the day's earlier losses. Government
bonds , which usually benefit from signs of slowing
growth, extended their earlier losses.


Read more at Reuters.com Economic News

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