Page 6 - Services Activity News Today

The vast services sector, which provides about 48% of jobs in China, enjoyed a strong rebound earlier this year but analysts say the sluggish household income growth and uncertain job market raise questions over the sustainability of the industrys growth.

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TODAY’S GAME PLAN: from the trading desk, this is not research DATA/HEADLINES 8:30ET Personal Income/Spending, PCE*, 10:00ET U. of Mich. Sentiment; 10:30ET Kansas City Fed Services Activity TODAY’S HIGHLIGHTS: NYC offers migrants free travel anywhere to moveSquad of female IDF combat troops eliminated nearly 100 Hamas terrorists – JPHamas: Approx. 50 Israeli hostages killed

The services sector in India experienced its fastest growth in over 13 years in September, according to a survey. The S&P Global India Services PMI bu

Indias services sector showed strong growth in September, with the S&P Global India Services PMI Business Activity Index rising to 61, its highest level in over nine years. The increase in new business and output growth contributed to the positive sentiment. The survey also revealed that service firms are optimistic about market dynamics and expect buoyant demand in the coming months.

While weakness in China and Eurozone economies ​​​​​​fed policymakers with worries about stagflation taking hold, South Africas economy grew by more than expected.

Data for the services sectors performance comes after the manufacturing PMI rose to a three-month high of 58.6 in August

TODAY’S GAME PLAN: from the trading desk, this is not research DATA/HEADLINES 10:00ET U of Mich Sentiment; 10:05ET Fed’s Powell speaks at Jackson Hole; 11:00ET Kansas City Fed Services Activity; 11:30ET Fed's Mester speaks on CNBC; 12:30ET Fed's Goolsbee speaks; 2:00ET Fed's Goolsbee speaks; 2:30ET Fed's Mester speaks; 3:00ET ECB's Lagarde speaks TODAY’S HIGHLIGHTS:

I told you this was a seasonally weak time of year. The US economy remains strong, bonds under pressure sending yields even higher. 5% riskless is now

“The resilience of the service sector underscores its vital role in fuelling Indias economy, with the PMI results for July so far pointing to a notable contribution from the sector to overall GDP for the second fiscal quarter,” said Pollyanna De Lima, economics associate director at S&P Global Market Intelligence.