Factory activity in China last month nudged down slightly on slower demand and higher raw material prices, while the services industry boomed over the May 1 Workers’ Day holiday, official data showed yesterday.
The purchasing managers’ index (PMI), a key gauge of China’s manufacturing activity, was 51 slightly down from 51.1 in April, but above the mark separating growth from contraction, the Chinese National Bureau of Statistics said.
There are risks ahead, analysts warned, including shortages of parts especially semiconductors and rising commodity prices.
Although factory production has been “rising steadily,” with overall activity exceeding the same periods in the
ASX giants ANZ and BHP put gender diversity in leadership on the table. The post ANZ and BHP among ASX 200 shares aiming for 40% female leadership appeared first on The Motley Fool Australia.
Mosaic Brands (ASX:MOZ) share price rockets 21% on business update
Mosaic Brands (ASX:MOZ) share price rockets 21% on business update
The Mosaic Brands Ltd share price is one of the best performers on the ASX today after releasing a positive business update. Here’s the details.
Aaron Teboneras has been a Motley Fool contributor since early August 2020. After graduating from RMIT University with a Business degree, Aaron spent most of his years either travelling or working in various industries. Aaron’s most notable appointments include National Australia Bank, and Computershare where he discovered his passion for the Australian sharemarket. Outside of researching and writing for Motley Fool, Aaron enjoys trekking on adventures across the world and learning new life skills.
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20 May, 2021 Author Ranina SanglapRehan Ahmad
The ongoing earnings recovery at Australia s major banks may gather steam as the economy bounces back from its first recession in 30 years and global demand for commodities such as iron ore, copper and natural gas rises.
Three of Australia s major banking groups reported improved cash earnings for the fiscal first half ended March 31, helped by the country s economic recovery from the COVID-19 pandemic and lower notable charges. Australia and New Zealand Banking Group Ltd., Westpac Banking Corp. and National Australia Bank Ltd. all said that credit impairment writebacks boosted their profits in the period.