Page 27 - Markit Services News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Services sector activity slows to 3-month low in April as Covid crisis disrupts economy Services sector activity slows to 3-month low in April as Covid crisis disrupts economy The Nikkei/IHS Markit Services Purchasing Managers' Index (PMI) for the services sector fell to 54.0 in April from 54.6 in March. Despite the decline, the services sector remains resilient as it still remains above the 50-mark, which separates growth from contraction. advertisement UPDATED: May 5, 2021 14:55 IST Services sector actvity eased to a 3-month low amid the ongoing Covid-19 crisis in India. (Photo: Reuters/Rep...

India’s services growth slowed further in April, input costs soared 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 high...

April 2021 ISM and Markit Services Surveys Remain Well Into Expansion The ISM declined but remained in expansion whilst the Markit PMI improved and advanced further into expansion. Analyst Opinion of the ISM and Markit Services Survey With the economy reopening, it comes as no surprise that both of these indices are well into expansion. From Econoday: Most marked upturns in output and new orders on record Employment growth accelerates Cost pressures strongest on record April PMITM data indicated a marked and unprecedented expansion in business activity across the U.S. service sector. Supporti...

Updates from the world of economy, markets, and finance The benchmark stock indices opened the day on a  positive note ahead of the RBI's address linked to pandemic relief. Join us as we follow the top business news through the day. 4:00 PM Stocks recovered well on a volatile day. Reuters reports: "Financial and healthcare stocks pushed Indian shares higher on Wednesday after the central bank announced measures to help the sectors tide over a ferocious coronavirus wave in the country. Reserve Bank of India Governor Shaktikanta Das announced relief to individual borrowers and small businesses...

May 4, 2021 17:06 GMTFXStreet News EUR/USD remains on the back foot on Tuesday. Wall Street’s main indexes fall sharply as market mood sours. US Dollar Index clings to daily gains above 91.00. The EUR/USD pair dropped below 1.2000 for the first time in nearly two weeks on Tuesday. Although the pair managed to erase a portion of its daily losses in the last hour, it’s still down 0.3% on a daily basis at 1.2027. The USD’s market valuation continues to impact EUR/USD’s movements. Following Monday’s decline, the US Dollar Index (DXY) gained traction on Tuesday with the greenback finding...