Page 14 - Markit Services News Today

Services sector activity slows to 3-month low in April as Covid crisis disrupts economy Services sector activity slows to 3-month low in April as Covid crisis disrupts economy The Nikkei/IHS Markit Services Purchasing Managers Index (PMI) for the services sector fell to 54.0 in April from 54.6 in March. Despite the decline, the services sector remains resilient as it still remains above the 50-mark, which separates growth from contraction. advertisement UPDATED: May 5, 2021 14:55 IST Services s...

India’s services growth slowed further in April, input costs soared Growth in India’s 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 fro...

April 2021 ISM and Markit Services Surveys Remain Well Into Expansion The ISM declined but remained in expansion whilst the Markit PMI improved and advanced further into expansion. Analyst Opinion of the ISM and Markit Services Survey With the economy reopening, it comes as no surprise that both of these indices are well into expansion. From Econoday: Most marked upturns in output and new orders on record Employment growth accelerates Cost pressures strongest on record April PMITM data indicate...

Updates from the world of economy, markets, and finance The benchmark stock indices opened the day on a  positive note ahead of the RBIs address linked to pandemic relief. Join us as we follow the top business news through the day. 4:00 PM Stocks recovered well on a volatile day. Reuters reports: "Financial and healthcare stocks pushed Indian shares higher on Wednesday after the central bank announced measures to help the sectors tide over a ferocious coronavirus wave in the country. Reserve B...

May 4, 2021 17:06 GMTFXStreet News EUR/USD remains on the back foot on Tuesday. Wall Street’s main indexes fall sharply as market mood sours. US Dollar Index clings to daily gains above 91.00. The EUR/USD pair dropped below 1.2000 for the first time in nearly two weeks on Tuesday. Although the pair managed to erase a portion of its daily losses in the last hour, it’s still down 0.3% on a daily basis at 1.2027. The USD’s market valuation continues to impact EUR/USD’s movements. Following...

Read more about Market Ahead Podcast, May 3: Top factors that could guide markets this week on Business Standard. Volatility is expected to remain high in the events-heavy week. Street will react to the Reliance Industries results which came in after market hours on Friday

Following 4/23/2021 3:10:56 PM GMT The ECB held a cautious stance on economic progress, maintaining the monetary policy unchanged. The US Federal Reserve is not expected to surprise market participants next week. EUR/USD is technically bullish, but investors may soon return to dollar buying. The EUR/USD pair has advanced for a third consecutive week, now firmly anchored above the 1.2000 threshold and not far from an over one-month high of 1.2079. The shared currency ...

Taxing Matter, Bidens Unsound Idea, Adapting to Change, Problems and Solutions The presidents plans to raise taxes arent a surprise, but hiking the capital gains rate significantly isnt such a hot idea. Apr 23, 2021 | 07:15 AM EDT New Math The impact upon financial markets was as pronounced as it was immediate. Overdone? Perhaps. Any market where price discovery is controlled electronically by algorithms designed to overshoot based on micro-second reactions to keywords found on the Inte...

By Reuters Staff 3 Min Read BENGALURU, April 7 (Reuters) - Activity in India’s dominant services industry expanded for the sixth consecutive month in March, supported by strong domestic demand, but some momentum was lost as authorities imposed fresh restrictions following a surge in coronavirus cases, a survey showed. The results were broadly backed by a Reuters poll last week that predicted India’s economy would grow faster than previously expected this fiscal year but warned a resurgence ...

PRECIOUS-Gold eases from 2-week high as economic recovery hopes grow Reuters 1 hr ago April 7 (Reuters) - Gold prices inched lower on Wednesday, retreating from a two-week high hit in the previous session, as a raft of strong U.S. data boosted hopes of a quick economic recovery. FUNDAMENTALS * Spot gold was down 0.2% to $1,739.46 per ounce by 0127 GMT. Gold futures slipped 0.1% to $1,740.90 per ounce. * Bullion prices had jumped on Tuesday to their highest since March 25 at $...