US ISM Services came in: 48.8 vs 52.6 exp. and 53.8 previously
- US ISM Services Price Paid: 56.3 vs 56.7 exp and 58.1 previously
- US ISM Services Employment: 46.1 vs 49 exp and 47.1 previously
- US ISM Services New Orders: 47.3 vs 53.6 exp and 54.1 previously
- US Factory orders dropped by -0.5% vs 0.2% exp. and 0.7% previously
S&P PMI for June came in 55.3 vs 55.1 exp. and 55.3 previously
After much weaker than expected US data, ISM chair, Miller, pointed out that June Services PMI indicates the overall US economy is contracting for the first time in 17 months. However, prices paid index came in relatively high, signalling that price pressure may be high, even if overall market conditions are weakening at a faster pace. On the other hand, the drop from 58.1 in May to 56.3 now may be seen as a satisfactory sign, that prices pressure will finally cool off. US dollar loses after todays data, with EURUSD rallying above 1.081 level.
Source: ISM, Macrobond, XTB Research
Source: xStation5
Daily summary: Oil slumps 8% supporting Wall Street, precious metals and EURUSD
Economic calendar: ADP report and PMI data from Europe 🔎
Morning wrap (06.05.2026)
Economic calendar: US Services ISM and JOLTS report in focus
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
