Flash PMI indices for December from the United States were released today at 2:45 pm GMT. Report was expected to show a small deterioration compared to the previous reading. Actual report turned out to be mixed - manufacturing came in below expectations while services beat expectations. As a result, composite PMI moved from 50.7 to 51.0 instead of an expected drop to 50.5.
EURUSD moved lower in a knee-jerk with similar move being spotted on the US equity indices, like US500. However, scale of the drop was small and did not exceed 0.1% in the first minutes following the release.
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- Manufacturing: 48.2 vs 49.1 expected (49.4 previously)
- Services: 51.3 vs 50.5 expected (50.8 previously)
- Composite: 51.0 vs 50.5 expected (50.7 previously)
US500 inched lower after US PMI data for December. Source: xStation5
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