China's service sector growth gained momentum in July driven by a recovery in operating conditions and client demand following the easing of the pandemic related restrictions, data released by S&P Global showed on Wednesday.The Caixin services Purchasing Managers' Index rose to 55.5 in July from 54.5 in June. A score above 50.0 indicates expansion in the sector. The indicator signaled the sharpest...
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.