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HSBC INDIA SERVICES PMI
India's services sector growth at 3-month high, but quarter weakest since 2022, PMI showsIndia’s services sector expanded at its fastest pace in three months in September, with the HSBC Services PMI rising to 55.2 on stronger do...
US services sector cools in September, price pressures buildingThe US-Israeli war with Iran has raised prices of energy and related products and led to shortages of commodities shipped through the Strai...
RBI likely to hold repo rate in Oct policy, begin 50-75 bps hike cycle in Dec: BoBThe Reserve Bank of India is set to maintain the repo rate at 5.25% during the upcoming policy meeting. Despite rising inflation pressures ...
Eurozone business growth hits over 3-1/2-year high despite inflation worries, PMI showsEurozone business activity experienced significant growth in September due to strong demand despite inflation concerns. The S&P Global Euro...
Gold inches up as October Fed rate hike prospects fadeDuring early Monday trading in Asia, gold prices surged due to lackluster US job growth figures. This disappointing employment data notably...
HSBC hires Cantor's Paras Jain to lead global TMT banking, sources sayHSBC has appointed Paras Jain as the global head of TMT investment banking, with a start date in November. Jain previously worked at Cantor...
Global factory activity boosted by AI spending boomAs AI investments surge, manufacturing activity in Europe and Asia grows noticeably. India boasts significant expansion in its manufacturin...
Strong macro show takes shape in Q2 before festive rushIndia's economy is experiencing significant growth, highlighted by a 14.7% increase in goods and services tax collections in September. Car...
India's manufacturing PMI hits 7-month high in September as domestic, export demand strengthenIndia’s manufacturing activity accelerated to a seven-month high in September, with the HSBC PMI rising to 55.1 from 52.8 in August as stro...
India factory activity rebounds sharply in September as demand revives, PMI hits 7-month highIndia's manufacturing sector rebounded in September after a three-month slowdown, driven by strong demand for various products. The HSBC In...
Gold prices flat ahead of US jobs dataAs Asia's trading day commenced, gold prices remained steady while market participants awaited the critical US jobs data release. This info...
Global Market: China factory activity returns to growth in September as AI boom supports industrial sectorChina’s factory activity returned to growth in September, with the official manufacturing PMI rising above the expansion threshold. Strong ...
China factory activity returns to growth in September as AI boom supports industryChina's manufacturing sector showed signs of recovery with a manufacturing purchasing managers' index of 50.1 in September. This marks an i...
Gold heads for monthly decline, US inflation data loomsOn Wednesday, gold prices remained stable, although they are poised for a monthly decline. Market participants are scrutinizing US inflatio...
HSBC makes big push for affluent clients in India to fuel growthHSBC Holdings Plc plans to expand its operations in India by increasing its branch network by 35% over the next two years. The bank aims to...
Indian rupee, bonds vulnerable to oil pangs on waning Iran diplomacy hopesThe Indian rupee and government bonds are set to face challenges as oil prices climb. Global bond yields have surged to multi-year peaks, c...
HSBC plans India equity broking return after 13 years amid IPO boom, sources sayAfter a decade-long hiatus, HSBC is gearing up to re-enter the Indian equity broking sector, responding to the increasing demands from weal...
Private sector growth hits three-month highManufacturing PMI climbed to a seven-month high of 55.7 in September from 52.8 in August, while services activity increased to 55.8 from 54...
India business activity rebounds in September to 3-month high, PMI showsIndia experienced accelerated business growth in September due to increased demand in manufacturing and services sectors. The HSBC flash In...
Gold lacklustre as higher-for-longer rate outlook weighs on sentimentGold values have shown minimal fluctuations as market participants assess the likelihood of persistent elevated interest rates. Recent hike...