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Toggle navigation IHS Markit is a world leader in critical information, analytics and solutions for the major industries and markets. Marked rise in Indian services activity: IHS Markit ANI | Updated: May 05, 2021 13:48 IST New Delhi [India], May 5 (ANI): The Indian service sector remained resilient to the escalation of Covid-19 crisis with a further solid increase in new work supporting output expansion, according to the latest IHS Markit Services Purchasing Managers' Index (PMI) released on Wednesday. Still, panel member reports suggested that the...

India's services growth slowed further in April, input costs soared SECTIONS Last Updated: May 05, 2021, 10:53 AM IST Share Synopsis The Nikkei/IHS Markit Services Purchasing Managers' Index fell to 54.0 last month from 54.6 in March, its lowest since January but still well above the 50-mark separating growth from contraction and outpacing expectations in a Reuters poll for a fall to 51.1. ThinkStock Photos "The gap between rates of inflation for input prices and charges was one of the widest since the global financial crisis." Growth in India's dominant services sector eased to a three-month...

PRECIOUS-Gold flat as Yellen's comments on rates counter muted dollar Reuters 2 hrs ago May 5 (Reuters) - Gold prices were flat on Wednesday, as concerns over possibility of higher U.S. interest rates countered a subdued dollar, while palladium held firm after scaling a record high in the previous session. FUNDAMENTALS * Spot gold was unchanged at $1,778.53 per ounce by 0137 GMT, after falling over 1% in the previous session. * U.S. gold futures rose 0.2% to $1,779.00 per ounce. * Palladium rose 0.1% to $2,985.81 per ounce, after scaling an all-time high of $3,017.1...

(Reuters) - Growth in India's dominant services sector eased to a three-month low in April but remained unexpectedly resilient even as the COVID-19 crisis intensified and cost pressures rose at the fastest pace in over nine years, a private survey showed. The Nikkei/IHS Markit Services Purchasing Managers' Index fell to 54.0 last month from 54.6 in March, its lowest since January but still well above the 50-mark separating growth from contraction and outpacing expectations in a Reuters poll for a fall to 51.1. "Firms foresee higher output volumes over the course of the coming year, but bus...

Share: USD dollar advanced despite lower equities and retreating US Treasury yields. US Treasury Secretary Janet Yellen said that rates might rise to prevent overheating the economy. EUR/USD is under pressure and near a critical Fibonacci support level at 1.1980. The EUR/USD pair edged marginally lower, ending the day around 1.2010 after hitting a daily low of 1.1998. The American dollar has strengthened against most of its major rivals, despite fluctuating stocks behavior. European indexes firmed up for most of the session, leading to gains in US futures, but there was a sudden U-turn ahea...