Page 10 - Markit Services News Today

Synopsis Lockdowns across the country to curb the second wave of Covid dampened demand, prompting firms to cut jobs at the fastest pace since October, according to Nikkei/IHS Markit Services Purchasing Managers Index. iStock Activity in Indias services sector contracted in May- to 46.4 from 54.0 in April- for the first time in eight months. Lockdowns across the country to curb the second wave of Covid dampened demand, prompting firms to cut jobs at the fastest pace since October, according to N...

The Euro Pound (EUR/GBP) exchange rate has weakened this morning as a strengthening US Dollar limits the appeal of the single currency this morning. At the time of writing the EUR/GBP pairing are trading around the £0.8593 as EUR is able to limit any major losses on the back of recent PMI data from the Eurozone. Euro (EUR) Weakens Despite Positive Services PMI   The Euro has found itself weakening against many of its rivals this morning as a strengthening US Dollar causes EUR to suffer. Howev...

Broader market churns – MEME stocks on fire. FED’s Beige Book reveals a robust recovery AND building inflationary pressures. Employment is the focus t

Read more about Market Wrap Podcast, June 3: Heres all that happened in the markets today on Business Standard. On the NSE, the 50-share index added 114 points, or 0.73 per cent, to settle the day at 15,690

6/3/2021 1:51:40 PM GMT | By Eren Sengezer US Markit Services PMI posted new series high in May. US Dollar Index continues to push higher toward 90.50. The business activity in the US service sector expanded at a record-setting pace in May with the Markit Services PMI climbing to a new series-high of 70.4 from 64.7 in April. This reading came in higher than the flash estimate and the market expectation of 70.1. Meanwhile, the IHS Markit further reported t...

The Nikkei/IHS Markit Services Purchasing Managers Index fell to a nine-month low of 46.4 in May from 54.0 in April, sliding below the 50-level that separates growth from contraction for the first time in eight months

Nowhere Man, Day Trading AMC, Damn the Fed Torpedoes, This Vaccine's for You: Market Recon

Underwriter, MLO, Relationship Mgr. Jobs; Sales, Pricing, Processing Tools; VA and FHA Changes Jun 3 2021, 8:24AM Here’s your pro tip of the day: occasionally blow on the wine in your coffee mug to convince the rest of the Zoom meeting that it is tea. Speaking of the working world, are you an “office worker” or, as Amazon tells its warehouse employees, an “industrial athlete” and to prepare one’s body for that experience is like someone training for a spor...

Jun 3, 2021 19:21 GMTFXStreet News USD/CAD rose sharply during the American trading hours. US Dollar Index clings to daily gains around 90.50. Surging US T-bond yields and upbeat data boost USD on Thursday. The USD/CAD pair gained traction during the American trading hours and climbed to its highest level in nearly a week at 1.2120 before going into a consolidation phase. As of writing, the pair was up 0.65% on the day at 1.2111. USD’s market valuation drives USD/CAD movements The renewed USD...

Jun 3, 2021 17:18 GMTFXStreet News EUR/USD continues to push lower in the American session. Upbeat data releases from US help greenback outperform its rivals. US Dollar Index extends rally to fresh multi-week highs near 90.50. The EUR/USD pair came under strong bearish pressure during the American session on Thursday and touched its lowest level since May 17 at 1.2130. As of writing, the pair was down 0.6% on the day at 1.2135. USD capitalizes on great US data Following the key macroeconomic da...