Page 26 - Markit Services News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Services Growth Drops To Three-Month Low in April, Input Costs Soared Input costs of services companies rose at the fastest rate since December 2011. The strongest increase was seen in consumer services. People walk at a crowded market amidst the spread of the coronavirus disease (COVID-19), in the old quarters of Delhi, India, April 6, 2021. Photo: Reuters/Anushree Fadnavis/File Photo Economy8 hours ago 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 a...

5/4/2021 7:33:09 PM GMT EUR/USD Current Price: 1.2012 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 U...

By Reuters Staff 2 Min Read HANOI, May 5 (Reuters) - Copper prices rose past a key psychological level of $10,000 a tonne on Wednesday, buoyed by optimism about global economic recovery, but trading volume was tepid due to China market holidays. Three-month copper on the London Metal Exchange rose as much as 0.6% to $10,030, its highest level since February 2011 when the contract hit its record high of $10,190 a tonne. Aluminium advanced 0.5% to $2,441 a tonne at 0338 GMT, nickel increased 1.2% to $17,885 a tonne and tin climbed 1.9% to $29,535 a tonne. The U.S. economy is growing at its fast...

US stocks recovery after Janet Yellen’s hike hint US stocks are heading to a stronger open, rebounding after US Treasury Secretary Janet Yellen sent stocks sharply lower in the previous session. Janet Yellen’s comment that interest rates may need to be hiked to prevent the US economy overheating inspired a tech led selloff. The Nasdaq closed -1.8%. Yellen backtracking on her comments, in addition to strong PMI data from Europe is refocusing the markets on the economic recovery whilst looking past inflationary concerns. Attention will remain on earnings and data for further clues. ADP Emp...

US Markit Services PMI climbed to a fresh series high in April. US Dollar Index stays relatively calm around 91.30. The economic activity in the US