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Topic

IHS Markit

Major Gulf stocks mixed; UAE, Saudi set for monthly gain

Major Gulf stocks mixed; UAE, Saudi set for monthly gain

Published 31 May, 2021 01:55pm
  • Abu Dhabi and Dubai stocks have gained more than 29% and 12%, respectively, this year following the end of a political rift with Qatar, improving business activities and analysts' expectations of property prices.
US yields trade flat after strong May manufacturing data

US yields trade flat after strong May manufacturing data

Published 21 May, 2021 09:15pm
  • "Does this (report) fall into 'maybe inflation is not going to be as transitory as the Fed thinks?' I would say 'Yes,'" Flanagan said.
  • The yield on 10-year Treasury notes was unchanged at 1.634%, well off a more than one-year high of 1.776% reached in late March.
US manufacturing activity powers ahead in early May; work backlogs rising: survey

US manufacturing activity powers ahead in early May; work backlogs rising: survey

Published 21 May, 2021 07:03pm
  • According to IHS Markit "manufacturers highlighted that strain on capacity and raw material shortages are expected to last through 2021." It noted that the supply crunch was raising production costs for manufacturers, who "made efforts to pass higher cost burdens on to clients."
  • The survey said its measure of new orders increased and that though factories tried to recruit more workers, the pace of hiring was the slowest in five months.
Euro zone business activity returns to growth in March

Euro zone business activity returns to growth in March

Published 07 Apr, 2021 01:53pm
  • Despite a slow vaccine roll-out and a surge in reported coronavirus infections, optimism about the year ahead improved. The composite future output index rose to 67.9 from 67.0, its highest since February 2018.
Asia's factory recovery picks up but cost pressures grow

Asia's factory recovery picks up but cost pressures grow

Published 01 Apr, 2021 11:03am
  • Some analysts also warned that lockdowns in Europe and supply constraints, such as chip shortages that are disrupting automobile production, could weigh on factory activity in countries like Taiwan and South Korea.
New global solar PV installations to increase 27pc to record 181 GW this year

New global solar PV installations to increase 27pc to record 181 GW this year

Published 29 Mar, 2021 08:48pm
  • Even though prices for solar PV modules are higher than last year, along with long delivery times and rising freight costs, demand should grow in the second half of this year.
  • "In 2021, the strong growth is mostly coming from the top three markets - China, US and India," Edurne Zoco, executive director, clean energy technology at IHS Markit, told Reuters.
US factory activity slows in February but supply bottlenecks push up prices

US factory activity slows in February but supply bottlenecks push up prices

Published 19 Feb, 2021 09:05pm
  • The data was in line with economists' forecasts, with a reading above 50 indicating growth in manufacturing, which accounts for 11.9% of the US economy.
  • The supply chain bottlenecks, which are widespread across the manufacturing sector as well as the services industry, have led to higher prices for inputs, including raw materials.
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