UK S&P Global Services PMI Sep P: 51.9 (est 53.5; prev 54.2)
- Manufacturing PMI: 46.2 (est 47.1; prev 47.0)
- Composite PMI: 51.0 (est 53.0; prev 53.5)
Lower than expected PMI data may reduce market bets on more hawkish BoE stance regarding interest rates policy. That's why we observe bearish momentum on GBPUSD pair.
💯Daily Summary - Wall Street Close to Records Ahead of Long Weekend
🔴A New Era at the Fed: Kevin Warsh Takes the Helm. US30 above 50k
Is Waller echoing Warsh's stance? Keeping rates steady but pressing ahead with balance sheet reduction?
US OPEN: Wall Street Nears Record Highs Ahead of Long Weekend, Powered by AI