Tag: bounce

Service sector bounces back in January as Omicron curbs ease

The recovery of the UK service sector regained momentum last month as Omicron coronavirus restrictions and case numbers eased back, according to new figures. The closely-watched IHS Markit/CIPS UK Services PMI survey scored 54.1 in January, bouncing back from a 10-month low of 53.6 in December. Any score above 50 shows growth in the sector….

Global Stocks Close Near Record Highs Ahead of New Year, Dollar, and Oil Dip

WASHINGTON/LONDON—Equities around the globe traded little changed on Thursday as oil prices fell and the U.S. dollar dipped against most major currencies although it has had its best year since 2015 with a 6.7 percent rise. With several markets in Asia and Europe closed on Friday, trading volumes were thin and most markets directionless. The…