Page 16 - Markit Services News Today

4/4/2021 SINGAPORE, April 5 (Reuters) - Chicago corn futures edged higher on Monday, hovering around their highest since 2013, while soybeans gained 1% with concerns over global feed grain supplies underpinning prices. Wheat ticked higher although improved weather across the Northern Hemisphere curbed gains. FUNDAMENTALS * The most-active corn contract on the Chicago Board Of Trade (CBOT) added 0.2% to $5.61 a bushel by 0107 GMT, after hitting its highest since June 2013 at $5.85 a bushel on Th...

FUNDAMENTALS * The most-active corn contract on the Chicago Board Of Trade (CBOT) added 0.2% to $5.61 a bushel by 0107 GMT, after hitting its highest since June 2013 at $5.85 a bushel on Thursday. * Soybeans gained 1.1% at $14.17 a bushel and wheat was up 0.3% at $6.12-1/2 a bushel. * U.S. farmers plan to sow 91.1 million acres with corn this year, the most since 2016, and 87.6 million acres with soybeans, the most since 2018, the U.S. Department of Agriculture (USDA) said on Wednesday. However...

A Plea to Meet in the Middle, Jobs Pick Up, Yield Curve Concerns, Debt Downer Plus, a look at the technical setup of KLA Corp. Spring Has Sprung The signs are everywhere. The weather is simply warmer here in the Northeast. Some of the birds are different. Some of the small game that roam these parts have not yet woken, but the bees are back. Always nice to see the bees. We have seen the return of baseball as well. Not necessarily my Mets, who will open tonight, nor the Nationals of Wash...

4/2/2021 3:12:00 PM GMT ECB’s Lagarde dared market players to test the bank “as much as they want.” US President Biden’s plan taking shape, also facing fierce opposition. EUR/USD bearish potential increases on a break below 1.1700. EUR/USD downtrend extended to a fresh 2021 low of 1.1703 this week, although the pair managed to trim most of its weekly losses ahead of the close. The dollar peaked on Wednesday, as US Treasury yields reached late on Tuesday a fresh over one-year highs, with...

March 2021 ISM and Markit Services Surveys Show Improvement The ISM significantly improved and 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 improved. From Econoday: Upturns in output and new orders accelerate to strong rates Price gauges hit highest on record amid supply chain disruptions Business optimism improves sinc...

Spread the love ASIA: The latest edition of the Heritage Foundation’s annual “Index of Economic Freedom,” which ranks countries of world’s freest economies, released Thursday, saw Hong Kong excluded from the list it once dominated because its policies are “controlled from Beijing, the agency reported. The news comes on the eve of China’s annual National People’s Congress, which gets underway in Beijing on Friday with greater control over the territory seemingly on the agenda. The ...

Synopsis The India Services Business Activity Index rose to 55.3 in February from 52.8 in January. A figure above 50 indicates expansion, while a sub-50 reading shows contraction. ThinkStock Photos Employment continued to fall for the third month in a row and companies noted the sharpest rise in overall expenses for eight years. A quicker increase in new orders made India’s service providers expand business activity at the fastest rate in a year in February with the Covid-19 vaccine rollout l...

Biden Bits, Vaccine Vanguard, Unmasking Folly, Minerd Musings, Ives Inklings Among other things, the president works to align Democratic senators to support his massive Covid relief bill. Mar 03, 2021 | 07:36 AM EST Nobody Knows I kind of smiled last night before I hit the rack. One eye on my New York Rangers, who would go on to win for the fourth time in six games, which is red hot for them. The other eye, reading and reading all the financial information that will fit inside this melo...

TSX falls as weaker bullion prices, materials drag © Reuters/Chris Helgren The facade of the original Toronto Stock Exchange building is seen in Toronto (Reuters) - Canadas commodity-heavy main stock index fell on Wednesday, as a decline in bullion prices and material stocks offset gains in oil prices and optimism over an economic rebound from vaccination rollouts and a U.S. fiscal package. Popular Searches * At 9:53 a.m. ET (14:53 GMT), the Toronto Stock Exchanges S&P/TSX composite index ...

Daily Markets - March 3, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities