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NFIB Small Business Optimism falls to 9-month low in March

Published 04/14/2015, 09:02 AM
Updated 04/14/2015, 09:02 AM
© Reuters. NFIB Small Business Optimism falls to 9-month low in March

Investing.com - The National Federation of Independent Business index of small business optimism fell to the lowest level in nine months in March, sparking fresh concerns over the strength of the economy, official data showed on Tuesday.

In a report, National Federation of Independent Business said that NFIB Small Business Optimism declined to 95.2 last month from 98.0 in February. Analysts had expected the index to inch up to 99.4 in March.

EUR/USD was trading at 1.0656 from around 1.0634 ahead of the release of the data, GBP/USD was at 1.4743 from 1.4727 earlier, while USD/JPY was at 119.51 from 119.61 earlier.

The US dollar index, which tracks the greenback against a basket of six major rivals, was at 99.08, compared to 99.27 ahead of the report.

Meanwhile, U.S. stock futures pointed to a steady open. The Dow futures pointed to a loss of 0.05%, the S&P 500 futures dipped 0.1%, while the Nasdaq 100 futures tacked on 0.05%.

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