American business activity speeds down in June
In June, American private sector activity speeded down, as follows from survey data uncovered on Friday…
China's services sector edges up at the stronger pace in November
In November, surge in China's services sector activity managed to pick up to a three-month maximum, underpinned by a firm soar in new businesses, although the rate of expansion was still modest and weaker than the long-run trend, as a private poll disclosed on Tuesday.
The optimistic findings generally echo those of an official indicator of the non-manufacturing sector the previous week, which demonstrated that in November activity speeded up at a faster rate, thus backing the view that an anticipated slowdown in the broader Chinese economy would be quite gradual.
In November, the Caixin/Markit services purchasing managers' index tacked on to 51.9, gaining from October’s outcome of 51.2 and being the highest outcome since August.
An outcome above 50 shows surge, while any lower reading stands for contraction on a monthly basis.
In September, the index had declined to 21-month minimum having hit a three-month maximum in August.
Similar
WeeklyCryptoNews
Bitcoin is lower and lower. The cryptocurrency couldn’t stick above the resistance at $6,500 and it plunged.
Swiss trade surplus dives to 2.3 billion francs in May
In May this year, Switzerland's trade surplus accounted for 2…
Popular
Asian equities stand still as Japan outperforms
On Monday, Asian shares shook off a sluggish start and stabilized, with Japan outperforming on positive earnings…
America will probe German and Japanese car makers over alleged patent violations
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
Crude edges down in Asia on Caixin PMI
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
Deposit with your local payment systems
