Sectors News Results

  • China's Forex Reserves Rose $42.06 Billion in July

    BEIJING--China's foreign-exchange reserves rose in July for a fourth straight month amid a weakening dollar and the country's recovering export sector, official data showed Friday. The country's hoard of foreign exchange increased by $42.06 billion to $3.154 trillion at the end of July, according to data released by the People's Bank of China. Economists polled by The Wall Street Journal had expected a $30 billion rise in reserves in July.

  • U.S. Services Sector Continues Its Recovery in July -- ISM

    The services sector in the U.S. continued its recovery in July rising for the second consecutive month, data from a survey compiled by the Institute for Supply Management showed Wednesday. The ISM Services Report on Business PMI for July climbed to 58.1, up one percentage point from the June reading of 57.1. Economists polled by The Wall Street Journal expected the services PMI to be at 55.0.

  • U.S. Services Sector Activity Stabilizes in July -- IHS Markit

    Activity in the U.S. services sector improved in July for the third consecutive month and gave signs of stabilization as businesses continued to reopen following the coronavirus lockdown, data from IHS Markit showed Wednesday. The final reading for the U.S. Services Purchasing Managers' Index for July was 50.0, up from the 47.9 level registered in June and above the flash figure of 49.6.

  • China Services Sector Gauge Drops in July From Near 10-Year High in June

    BEIJING--A private gauge of China's service-sector activity dropped in July from a near 10- year high a month earlier, weighed by sharply falling demand from overseas markets due to a resurgence of the coronavirus in many countries. But the gauge kept expanding in July, thanks to buoyant demand at home as the Covid-19 pandemic has been largely brought under control in China. The Caixin China services purchasing managers index fell to 54.1 in July from 58.4 in June, Caixin Media...

  • U.K. Sanctions Guidance Adds to Warnings for Maritime Sector

    A U.K. enforcement agency is urging the maritime industry to be on the lookout for illicit practices that could be used to evade sanctions, the latest regulator to warn about compliance risks facing the industry. Guidance by the U.K.' s Office of Financial Sanctions Implementation, which is part of the country's Treasury department, indicates companies are susceptible to suspicious shipping practices such as the intentional disabling of vessel-tracking systems to conduct...

  • U.S. Manufacturing Sector Continues Its Recovery in July -- ISM

    Economic activity in the U.S. manufacturing sector continued its recovery in July, data from a survey compiled by the Institute for Supply Management showed Monday. The ISM Manufacturing Report on Business PMI for July stood at 54.2, up 1.6 percentage points from the June reading of 52.6. This figure indicates expansion in the overall economy for the third month in a row after a contraction in April, which ended a period of 131 consecutive months of growth, ISM said.

  • U.S. Stocks Edge Lower Despite Tech Stocks Rally

    U.S. stocks fell Friday morning despite earnings reports showing that the world's largest technology companies are thriving. The S&P 500 fell 8 points, or 0.3%. Still, the benchmark is on track to end the month up more than 4%, its best performance since April.

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