Page 12 - Markit Services News Today

Spread the love ASIA: China’s factories slowed their output growth in April and retail sales significantly missed expectations as officials warned of new problems affecting the recovery in the world’s second-largest economy. Factory output grew 9.8% in April from a year ago, in line with forecasts but slower than the 14.1% surge in March, National Bureau of Statistics data showed on Monday. Retail sales, meanwhile, rose 17.7%, much weaker than a forecast 24.9% uptick and the 34.2% surge in ...

Central bank officials are also scheduled to make comments, including Fed Vice Chairman Richard Clarida who speaks next Monday. Stocks have been volatile. The rally on Thursday and Friday was unable to reverse the weeks heavy losses. The defensive consumer staples, financials and materials were on track for a positive week among major sectors. The worst performers were consumer discretionary, off about 3.7% for the week, and tech, which was down 2.2%. Technology shares were among the best perfo...

Advertisement The second wave of the COVID-19 pandemic which struck India between the end of February and beginning of March continues unabated. The alarming rate at which it has spiraled out of control especially in the last four weeks has left citizens helpless, and also exposed the under-preparedness of authorities to deal with this unprecedented health crisis. While daily COVID-19 cases started to rise steadily since end of February, it was in the first week of April that India surpassed th...

Spread the love ASIA: China has “indefinitely” suspended key economic dialogue with Australia, the latest in a growing diplomatic rift between both countries. The relations between two countries have been on the decline since Australia called for a probe into the origins of the virus and banned Huawei from building its 5G network. In a statement on Thursday, a Chinese government commission accused Australia of having a “Cold War mindset”. Last year, China imposed sanctions on Australian...

Share: US Federal Reserve officials poured cold water on Treasury Secretary Yellen’s comments. US macroeconomic figures may have missed expectations but indicated continued growth. EUR/USD struggling to retain the 1.2000 level, bearish once below 1.1980. The EUR/USD pair trades around the 1.2000 level, posting modest daily losses. The shared currency was the worst performer, as an upbeat market’s mood put some pressure on the greenback against other rivals. Stocks edged higher in Europe a...

Toggle navigation IHS Markit is a world leader in critical information, analytics and solutions for the major industries and markets. Marked rise in Indian services activity: IHS Markit ANI | Updated: May 05, 2021 13:48 IST New Delhi [India], May 5 (ANI): The Indian service sector remained resilient to the escalation of Covid-19 crisis with a further solid increase in new work supporting output expansion, according to the latest IHS Markit Services Pu...

Indias services growth slowed further in April, input costs soared SECTIONS Last Updated: May 05, 2021, 10:53 AM IST Share Synopsis The Nikkei/IHS Markit Services Purchasing Managers Index fell to 54.0 last month from 54.6 in March, its lowest since January but still well above the 50-mark separating growth from contraction and outpacing expectations in a Reuters poll for a fall to 51.1. ThinkStock Photos "The gap between rates of inflation for input prices and charges was one of the widest sin...

PRECIOUS-Gold flat as Yellens comments on rates counter muted dollar Reuters 2 hrs ago May 5 (Reuters) - Gold prices were flat on Wednesday, as concerns over possibility of higher U.S. interest rates countered a subdued dollar, while palladium held firm after scaling a record high in the previous session. FUNDAMENTALS * Spot gold was unchanged at $1,778.53 per ounce by 0137 GMT, after falling over 1% in the previous session. * U.S. gold futures rose 0.2% to $1,779.00 per o...

(Reuters) - Growth in Indias dominant services sector eased to a three-month low in April but remained unexpectedly resilient even as the COVID-19 crisis intensified and cost pressures rose at the fastest pace in over nine years, a private survey showed. The Nikkei/IHS Markit Services Purchasing Managers Index fell to 54.0 last month from 54.6 in March, its lowest since January but still well above the 50-mark separating growth from contraction and outpacing expectations in a Reuters poll for...

Share: USD dollar advanced despite lower equities and retreating US Treasury yields. US Treasury Secretary Janet Yellen said that rates might rise to prevent overheating the economy. EUR/USD is under pressure and near a critical Fibonacci support level at 1.1980. The EUR/USD pair edged marginally lower, ending the day around 1.2010 after hitting a daily low of 1.1998. The American dollar has strengthened against most of its major rivals, despite fluctuating stocks behavior. European indexes f...