US, flash PMIs for September.
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Manufacturing. Actual: 51.8. Expected: 51.1. Previous: 51.5
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Services. Actual: 49.2. Expected: 45.0. Previous: 43.7
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The data definitely beat expectations, showing that the core of the economy is still holding up well and in fact better than last time. In turn, the gap between the services PMI and the ISM for services narrowed significantly, meaning that smaller companies were able to improve their views relative to large companies.
BREAKING: University of Michigan sentiment declines! 📉
Germany's exports and imports rise above expectations
Economic calendar: Canadian labor market data and FED speakers 🔎
Morning wrap (07.11.2025)