Page 6 - Markit Services News Today

Indias dominant services industry expanded at the fastest pace in more than a decade on improved domestic demand despite high inflation, driving firms to take on staff at a rate not seen since the...

The survey showed Asia's third-largest economy was on a sustained recovery path but rising prices could prompt the Reserve Bank of India to hike interest rates earlier than expected.

Leading into this high profile Fed event, it would have been nice to have a firmer grip on just where fiscal policy was headed, but that was not to be....CAR

India's dominant services industry expanded at the fastest pace in more than a decade on improved domestic demand despite high inflation, driving firms to take on staff at a rate not seen since the onset of the pandemic, a private survey showed. The IHS Markit Services Purchasing Managers' Index accelerated to 58.4 last month from 55.2 in September, above the 50-mark

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US stocks hold steady near record highs ahead of the Fed.

The IHS Markit Services Purchasing Managers' Index accelerated to 58.4 last month from 55.2 in September, above the 50-mark separating growth from contraction for a third straight month.

The survey showed India was on a sustained recovery path but rising prices could prompt the RBI to hike interest rates earlier than expected, putting brakes on the growth.

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USD/CHF remains poised for weekly losses on Friday in the early Asian session. The pair started the October series on a lower note, after testing the