US S&P Composite PMI Flash (November): 55.3 (Forecast 54.3, Previous 54.1)
- US S&P Services PMI Flash: 57 (Forecast 55, Previous 55.0)
- US S&P Manufacturing PMI Flash: 48.9 (Forecast 48.9, Previous 48.5)
US dollar (USDIDX) gains after the stronger than expected S&P PMI readings from the US, signalling further pressure on the Federal Reserve, which may hold interest rates unchanged in December, with smaller amount of rate cuts in 2025. Data points to a very strong services sector.
Source: Bloomberg Finance LP, S&P Global, ISM, XTB Research
Economic calendar (22.05.2026) US UoM final data in focus, German Ifo beats expectations
Morning wrap (22.05.2026) Nasdaq climbs higher, supporting European and Asian stocks
BREAKING: Mixed PMI from US
Significant Weakness Following PMI Releases from France and Germany. ECB Hike Under Threat?