In this June 24, 2021 photo, an employee wears a mask as she cleans exterior windows at an ice cream & yogurt store in Buffalo Grove, Ill. Growth in the U.S. services sector, where most Americans work, increased to a record pace in July even as businesses […]
July
Services sector contracts for third straight month in July
India’s services sector activity remained in red for the third consecutive month in July as demand was hit harder in the contact-intensive sectors than manufacturing, a private survey said on Wednesday. According to data released by IHS Markit, purchasing managers’ index (PMI) for services was at 45.4 in July compared […]
Reflation trade losses pile up for hedge funds in July
Hedge funds updates Sign up to myFT Daily Digest to be the first to know about Hedge funds news. Losses for hedge funds betting big on the so-called reflation trade piled up in July, exacerbated by a dizzying rally in US government debt this summer that pushed Treasury yields to […]