The PMI index for US manufacturing (S&P) was 51.8 in December; the forecast was 52.0.
The PMI index for US services (S&P) was 52.9 in December; the forecast was 54.0.
The PMI index for manufacturing and services (composite) in the US (S&P) in December was 53; previously it was 53.9.
Further data pointing to the weakness of the US economy. For this reason, we are seeing further increases in the EURUSD pair (declines in the dollar).
US OPEN: Nasdaq hits 1-month low! Geopolitics bring AI trade down!
Market Wrap: European Stocks Are Trying to Rebound as the Week Comes to an End💡
BREAKING: Eurozone recovery? Positive PMI data tempered by high oil and gas prices
Economic Calendar: Industry’s condition in the shadow of oil prices