Page 9 - Markit Services News Today

Provided by Dow Jones MARKET WRAPS Watch For: EuroCOIN indicator of euro area economic activity; Eurozone Services PMI; CIPS/Markit Services PMI; EU Retail trade; updates from Hugo Boss, Schaeffler, Commerzbank, Siemens Energy, Intesa Sanpaolo, Babcock, Taylor Wimpey, Legal & General Group, Wolters Kluwer, Next. Equities: European stocks are set to open higher Wednesday as investors continue to digest earnings and the increase in Delta-variant Covid-19 cases. ...

; GBP/USD needs an impulse from moderate US figures and dovish Fed comments to continue advancingNEWS | 8/4/2021 9:39:08 AM GMT | By FXStreet Insights Team GBP/USD has been making its way higher after retreating from the peak earlier on as UK covid cases continue falling. Attack on 1.40 coming? Upbeat UK data supports gains, in the view of FXStreet’s Analyst Yohay Elam. Cable trend is positive “UK COVID-19 cases have extended their decline, and seem ...

"Given the current Covid-19 situation in India, it was expected that the service sector would take a hit. PMI data for June showed quicker declines in new business, output and employment that were sharp, but much softer than those recorded in the first lockdown," said Pollyanna De Lima, Economics Associate Director at IHS Markit. The international demand for Indian services deteriorated further in June, with new export orders falling for the 16th consecutive month. The overall level of busine...

Provided by Dow Jones Expected Major Events for Monday 00:01/IRL: Jun Ireland Services PMI 06:00/UK: Jun UK Official Reserves 06:45/FRA: May Industrial production index 07:00/TUR: Jun CPI 07:00/TUR: Jun PPI 07:15/SPN: Jun Spain Services PMI 07:45/ITA: Jun Italy Services PMI 07:50/FRA: Jun France Services PMI 07:55/GER: Jun Germany Services PMI 08:00/EU: Jun Eurozone Services PMI 08:00/UK: Jun UK monthly car registrations figures 08:30/UK:...

Indias June services activity shrinks at fastest rate in 11-months SECTIONS Last Updated: Jul 05, 2021, 12:24 PM IST Share Synopsis Asias third largest economy, which has already recorded more than 400,000 COVID-19 deaths, is still reporting over 40,000 coronavirus cases per day, taking the total number of infections to over 30.5 million. Indias June services activity shrinks to 41.2 at fastest rate in 11-months Activity in Indias dominant services sector contracted sharply in June as tighter r...

“Large and mid cap IT companies will remain in focus the next week as Q1FY22 result season commences in India. Investors are therefore advised to look for any short pullbacks post earnings as an opportunity to enter the IT sector,” said Nirali Shah, Head of Equity Research, Samco Securities. Here are key factors that will steer the market next week: Q1 earnings: The first quarter earnings season will formally begin with a few companies scheduled to announce their numbers. This includes name...

The XAU/USD pair moved sideways at the start of the week as the trading conditions remained thin due to the Memorial Day holiday in the US. On Tuesday

6/2/2021 SINGAPORE, June 3 (Reuters) - Chicago corn futures gained more than 1% on Thursday, recouping some of the previous sessions losses, with concerns over dry U.S. weather and strong demand underpinning prices. Soybean oil rose to a 10-year high on worries over global edible oil supplies, while soybeans climbed for a third consecutive session. FUNDAMENTALS * The most-active corn contract on the Chicago Board of Trade (CBOT) rose 1.3% to $6.83-1/2 a bushel, as of 0043 GMT, after dropping 2%...

Read more about May Services PMI shrinks to 46.4 vs 54 in April; lowest level since Aug on Business Standard. Overall demand contracted at the sharpest rate since August, with foreign demand shrinking at the fastest pace since November

Reuters 3 minute read A waiter walks past tables that have been blocked to maintain social distancing at restaurant after they reopened amidst the spread of the coronavirus disease (COVID-19) in Mumbai, India, October 8, 2020. REUTERS/Francis Mascarenhas/File photo Activity in Indias dominant services industry contracted in May for the first time in eight months as strict lockdowns to curb the second wave of COVID-19 dampened demand, prompting firms to cut jobs at the fastest pace since Octobe...