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Overall the FTSE 100 has fallen 35.26 points to 5833.29, with miners among the weaker performers after lower than expected service sector figures from China - a key consumer of commodities.
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U.S. stocks finished the session higher, as stronger-than-expected service sector data lifted investors' spirits ahead of tomorrow's release of the important April jobs report.
Stocks were mixed at midday following a spate of fresh merger and acquisitions activity and better-than-expected service sector activity in June.
Overall the FTSE 100 is currently down 25.50 points at 6738.12, with the fall accelerating after a stronger than expected UK service sector PMI survey, raising the prospect of an earlier than expected end to QE or even an interest rate rise.
But overall the FTSE 100 has fallen 23.09 points to 6799.33, with traders ignoring better than expected UK and European service sector figures.
A better than expected UK service sector survey had little chance of withstanding this wave of negative news from across the Atlantic, while fairly positive comments from Federal Reserve chairman Ben Bernanke at a budget committee hearing also failed to make much of an impact.
For now most economists – the BCC's forecasters included – expect the services sector and consumer spending to remain the main driver of UK growth.
Even with an economic slowdown, the National Restaurant Association expects the table service sector's revenue to grow 7% this year.
Meanwhile budtending and retail positions are in line with what you'd expect from comparable service sector jobs.
The jobs figures and better than expected figures from the service sector helped drive US stock markets to all time highs this week.
Pressure from the U.S.-Vietnam bilateral trade agreement and the WTO resulted in a liberalization of the rules governing foreign participation in banking, telecommunications, and insurance that was expected to accelerate the service sector's growth.
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CEO of Professional Science Editing for Scientists @ prosciediting.com