International Finance

Tag : Markit


China’s service sector expands at a rapid pace

Findings of survey by financial information service provider Markit IFM Correspondent November 3, 2016: China’s services sector grew at the strongest pace in four months up to October as new business picked up, encouraging companies to hire more workers, a private survey showed. The Caixin China General Services PMI (Purchasing Managers’ Index) came in at...

IHS Markit begins trading at Nasdaq stock market

Now has new ticker symbol “INFO” July 18, 2016: Nasdaq announced that trading of IHS Markit Ltd. commenced on The Nasdaq Stock Market on July 13, 2016.  This marks the successful merger of two companies – IHS and Markit – creating a global leader in financial and corporate information. Following a thorough stock exchange evaluation...

French trade deficit widens in May, growth crawls

Central bank keeps sentiment indicator for manufacturing sector unchanged below long-term average, reports Team IFM Paris, July 14, 2014: The slowdown continues to chase France, with official data showing its trade deficit widening in May compared to the preceding month as imports rebounded, confirming findings of an independent survey that said the world’s fifth largest...

UK factory output dips in May, stuns experts

Explanation sought in ‘seasonal influences’ and British business lobby says this is enough reason to keep interest rates low, reports Team IFM London, July 11, 2014: Economists and analysts were left groping for an explanation as the UK, said to have reached pre-meltdown growth levels by May-end and forecast to dethrone France as the fifth...

Importance of PMI Index

The Purchasing Manager Index is a key parameter to gauge the business and economic conditions in any economy. 25th August 2013 European shares picked up steam after a period of calm activity on strong data forecasts from Europe and China. The Markit Eurozone PMI Composite Output Index showed the largest monthly increase in business activity...