Page 19 - Markit Services News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Synopsis Lockdowns across the country to curb the second wave of Covid dampened demand, prompting firms to cut jobs at the fastest pace since October, according to Nikkei/IHS Markit Services Purchasing Managers' Index. iStock Activity in India's services sector contracted in May- to 46.4 from 54.0 in April- for the first time in eight months. Lockdowns across the country to curb the second wave of Covid dampened demand, prompting firms to cut jobs at the fastest pace since October, according to Nikkei/IHS Markit Services Purchasing Managers' Index. Overall demand contracted at the sharpest ra...

The Euro Pound (EUR/GBP) exchange rate has weakened this morning as a strengthening US Dollar limits the appeal of the single currency this morning. At the time of writing the EUR/GBP pairing are trading around the £0.8593 as EUR is able to limit any major losses on the back of recent PMI data from the Eurozone. Euro (EUR) Weakens Despite Positive Services PMI   The Euro has found itself weakening against many of its rivals this morning as a strengthening US Dollar causes EUR to suffer. However, limiting any losses for the Euro this morning is the latest PMI data from the Eurozone, the most...

Broader market churns – MEME stocks on fire. FED’s Beige Book reveals a robust recovery AND building inflationary pressures. Employment is the focus t

Read more about Market Wrap Podcast, June 3: Here's all that happened in the markets today on Business Standard. On the NSE, the 50-share index added 114 points, or 0.73 per cent, to settle the day at 15,690

6/3/2021 1:51:40 PM GMT | By Eren Sengezer US Markit Services PMI posted new series high in May. US Dollar Index continues to push higher toward 90.50. The business activity in the US service sector expanded at a record-setting pace in May with the Markit Services PMI climbing to a new series-high of 70.4 from 64.7 in April. This reading came in higher than the flash estimate and the market expectation of 70.1. Meanwhile, the IHS Markit further reported that the Composite PMI improved to 68.7 from 63.5. Commenting on the data, "the US economic recovery ...