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India Manufacturing PMI Edges Up, Input Costs Escalate

India s manufacturing sector activity expanded in April despite fresh domestic factory orders and output easing to eight-month lows due to an intensification of the coronavirus pandemic. Data released by analytics firm IHS Markit showed purchasing managers index (PMI) for April edged up to 55.5 after declining to a seven month low in March at 55.4.
A figure above 50 indicates expansion, while sub-50 signals contraction. The surge in covid-19 cases could dampen demand further when firms financials are already susceptible to the hurdle of rising global prices. April saw the steepest increase in input costs for nearly seven years drive the sharpest upturn in output charges since October 2013. ....

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US Market gains on upbeat economic data

The US stock market finished session higher on Friday, 23 April 2021, as fresh economic data underscored that a strong economic recovery is under way. At the close of trade, the Dow Jones Industrial Average index advanced 227.59 points or 0.67% to 34,043. The S&P 500 index increased 45.19 points or 1.09% to 4,180. The tech-heavy Nasdaq Composite Index gained 198.40 points or 1.44% 14,017.
The gains were shared broadly by nearly every sector in the index. Technology companies accounted for a big slice of the rally, along with banks, communication stocks and companies that rely on consumer spending. The utilities and consumer staples sectors closed slightly lower.
ECONOMIC NEWS: The Commerce Department released a report showing new home sales skyrocketed by 20.7% to an annual rate of 1.021 million in March after plunging by 16.2% to a revised rate of 846,000 in February. ....

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India Manufacturing PMI Records Slowest Growth In Seven Months

India s manufacturing sector grew at its weakest pace in seven months in March on renewed lockdowns to curtail a resurgence in COVID-19 cases. The Nikkei Manufacturing Purchasing Managers Index or PMI, compiled by IHS Markit, dropped to a seven-month low of 55.4 last month from February s 57.5, but remained above the 50-level separating growth from contraction for an eighth straight month.
The foreign orders grew at a faster pace in March, but a sub-index tracking overall demand declined to its lowest since August 2020. Output also grew at its weakest pace in seven months.
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IHS Markit Shareholders Approve Strategic Merger with S&P Global

IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions, today announced that its shareholders voted overwhelmingly to approve its merger with S&P Global. At a special ....

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IHS Markit to Launch Global Carbon Credit Meta-Registry

IHS Markit to Launch Global Carbon Credit Meta-Registry
Meta-Registry Advisory Board to provide governance and best practice advice
IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions, today announced its intention to launch the first global meta-registry aimed at providing transparency and efficient tracking, accounting and trade lifecycle management of carbon credits.
As part of this launch, the Carbon Meta-Registry Advisory Board has been formed with leading experts from the public and private sectors and NGOs. The Advisory Board is tasked to ensure the IHS Markit Meta-Registry delivers on its objectives and meets the wider industry needs. The Advisory Board at launch includes representatives from: ....

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