Tag Archives: sector

Weekly statistics on fund flows from Bank of America revealed that investors bought shares of financial companies and the energy sector last week, to initiate allocations in centres before US President-elect Joe Biden announced a stimulus package of $ 1.9 trillion. The US investment bank said, based on EPFR data, …

US investment bank Goldman Sachs sharply cut its economic forecast for Europe in Q4 of the year after a jump in COVID-19 cases prompted major countries to announce partial closures in November. The bank said it expected real GDP in the euro area to shrink 2.3% in Q4, a major …

Bank of America (BoA) and Goldman Sachs (GS) both announce third-quarter earnings that beat estimates. Bank of America announced net income of $ 4.9 billion, or 0.51 per share (EPS), with consensus estimates at 0.49 Cents. In the same quarter last year, revenues were at $ 5.8 billion and $ …

The Japanese services sector sentiment index increased during the month of July, which showed some improvement in business confidence despite the continuing concerns about the impact of the Covid-19 pandemic. The Japanese Cabinet’s Labor Survey of taxi drivers, hotel workers and restaurant employees – dubbed “economy watchers” for their proximity …

US service sector activity gained momentum in July as new purchase orders rose to a record high but hiring fell, supporting views that the labor market recovery is faltering amid an increase in new COVID-19 cases nationwide. The Institute of Supply Management said on Wednesday that its index of activity …