Page 13 - Markit Services News Today

Japan and Taiwan monitor the Chinese warship in the East China Sea. Janet Yellen lobs in a comment – hitting investors upside the head. Oil surges up

5/5/2021 1:03:46 PM GMT EUR/USD Current Price: 1.1999 Tepid EU services-related figures weigh on the shared currency. US employment sector continues to grow, according to a private-sector survey. EUR/USD trades a few pips above a critical support level at 1.1980. The EUR/USD pair hovers around the 1.2000 price zone, trading near a fresh weekly low of 1.1985. The greenback trades mixed across the board as investors struggle to make up their minds on whether the sentiment or economic comeback sho...

Read more about Market Wrap, May 05: Heres all that happened in the markets today on Business Standard. RBI announced a Covid-19 healthcare package of Rs 50,000 crore for vaccine makers, medical equipment suppliers, hospitals and patients in need of funds.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Yellens Error, Inflation Scare, Cyclical Sectors, Gold, 4 Stocks I Bought Bring back the gold standard? Whatever nation that did so would instantly have the most highly desired currency on the planet. May 05, 2021 | 07:42 AM EDT The impression that you sell Passes in and out like a scent But the long face that you see Comes from living close to your fears If this is up then Im up but youre running out of sight Youve seen your name on the walls And when one little bump leads to schock mi...

Services Growth Drops To Three-Month Low in April, Input Costs Soared Input costs of services companies rose at the fastest rate since December 2011. The strongest increase was seen in consumer services. People walk at a crowded market amidst the spread of the coronavirus disease (COVID-19), in the old quarters of Delhi, India, April 6, 2021. Photo: Reuters/Anushree Fadnavis/File Photo Economy8 hours ago Growth in India’s dominant services sector eased to a three-month low in April b...

5/4/2021 7:33:09 PM GMT EUR/USD Current Price: 1.2012 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 fl...

By Reuters Staff 2 Min Read HANOI, May 5 (Reuters) - Copper prices rose past a key psychological level of $10,000 a tonne on Wednesday, buoyed by optimism about global economic recovery, but trading volume was tepid due to China market holidays. Three-month copper on the London Metal Exchange rose as much as 0.6% to $10,030, its highest level since February 2011 when the contract hit its record high of $10,190 a tonne. Aluminium advanced 0.5% to $2,441 a tonne at 0338 GMT, nickel increased 1.2%...

US stocks recovery after Janet Yellen’s hike hint US stocks are heading to a stronger open, rebounding after US Treasury Secretary Janet Yellen sent stocks sharply lower in the previous session. Janet Yellen’s comment that interest rates may need to be hiked to prevent the US economy overheating inspired a tech led selloff. The Nasdaq closed -1.8%. Yellen backtracking on her comments, in addition to strong PMI data from Europe is refocusing the markets on the economic recovery whilst looki...

US Markit Services PMI climbed to a fresh series high in April. US Dollar Index stays relatively calm around 91.30. The economic activity in the US