Source: US Department of the Treasury The US treasury department will offer $126 billion of securities, with proceeds to be used to settle notes and bonds maturing mid-August. The securities include $58-billion worth of 3-year notes maturing August 15, 2024, which will be auctioned on a yield basis at 1 p.m. EDT on August 10, 2021.Another $41-billion worth of 10-year … [Read more...] about US Treasury Offers $126 Billion of Securities to Clear Maturing Debt
Forex News
US Business Activity Expansion Falls to Five-Month Low in July
Source: IHS Markit The expansion of the United States’ business activity posted a five-month low in July, on the back of lower new business during the period. The seasonally adjusted final IHS Markit US Services PMI Business Activity Index stood at 59.9 in July.The latest reading compares with the 64.6 in June and the slowest since February.The slowdown was attributed to … [Read more...] about US Business Activity Expansion Falls to Five-Month Low in July
Private Sector Employment Growth Cools to 330,000 Jobs in July
Source: ADP The private sector added 330,000 jobs in July to mark a slowdown from the previous quarter, as hiring bottlenecks continue to hold back stronger gains. In terms of company size, medium businesses added 132,000 jobs, large businesses added 106,000, and small businesses added 91,000.In terms of sector, service-producing firms increased by 318,000, with leisure … [Read more...] about Private Sector Employment Growth Cools to 330,000 Jobs in July
UK Service Sector Growth Slows to Four-Month Low
Source: Markit Economics The United Kingdom’s service sector growth decelerated to a four-month low in July, dragged by shortages in the workforce and supply chain issues. The headline seasonally adjusted IHS Markit/CIPS UK Services PMI stood at 59.6 in July, lower than 62.4 in June, and the lowest since March.The slowdown was attributed to staff shortages, supply chain … [Read more...] about UK Service Sector Growth Slows to Four-Month Low
China’s Services Activity Growth Hits Historic High in July
Source: Caixin China’s services activity rebounded with above-average growth in July, following successful efforts to contain the rise of COVID-19 cases. The headline seasonally adjusted Business Activity Index climbed to 54.9 in July, following June’s 14-month low of 50.3.Growth for the month was quicker than the average of 54.1 since the survey started in 2005.New … [Read more...] about China’s Services Activity Growth Hits Historic High in July
