Source: IHS Markit The UK Services Business Activity Index was posted at 60.5 in February, accelerating from 54.1 in January. The activity was at its highest since June last year. FTSE 100 is down -0.70%, GBPUSD is down -0.18%. The uptick in services activity in February coincided with a sharp rise in new orders, helped by the slowdowns in the Omicron Covid … [Read more...] about UK Services Activity Jumps to an 8-Month High in Feb., Inflation Escalates
China’s Feb Services Activity Grew at Slowest Pace in Six Months
Source: IHS Markit China’s service sector expanded at the slowest rate in six months in February, as businesses expressed a stronger optimism for the upcoming year. CSI 300 Index down -0.59%, CNY USD up +0.03% The seasonally adjusted headline business activity index dropped to 50.2 points in February from 51.4 in January. Any score above 50 signaled a marginal increase in … [Read more...] about China’s Feb Services Activity Grew at Slowest Pace in Six Months
Top 8 CEX Cryptocurrencies to Buy
In 2021 alone, the combined market cap of all cryptocurrencies more than tripled in value. This goes to show that more and more people are embracing cryptocurrencies and other blockchain products. The easiest way for beginners to get ahold of crypto assets is through centralized exchanges such as Binance. Usually, such exchanges will have native tokens that are used to pay … [Read more...] about Top 8 CEX Cryptocurrencies to Buy
US Economy Added 475,000 Jobs in February, Surpassing Estimates
American employers added 475,000 jobs last month, surpassing economists’ estimates and a sharp reversal from January when AD initially posted an unexpected fall in jobs. DXY up +0.20%, EUR USD down -0.22% Wednesday’s figures also included a major upward revision of that January decline to 509,000 jobs added from 301,000 jobs lost posted last month.The US private sector … [Read more...] about US Economy Added 475,000 Jobs in February, Surpassing Estimates
Euro Area Inflation Soars to a Record 5.8% In February
Source: Eurostat Annual inflation in the euro area is estimated at 5.8%, a record high, and an increase from 5.1% in January. DAX is up +0.28%, EURUSD is down -0.27%. The above-estimate inflation rate occurs amid concerns that the ongoing crisis in Eastern Europe could cause further rises in energy costs.The energy component posted the strongest inflation, with an … [Read more...] about Euro Area Inflation Soars to a Record 5.8% In February
