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.
Daily summary: Wall Street rebounds after the sell-off 🔼 US dollar strengthens on solid NFP data, oil prices fall
BREAKING: US NFP much stronger than expected 📈 US Dollar and treasuries yields surge
EURUSD loses ground ahead of NFP
BREAKING: BoE raises interest rates by 25pbs to 4%⏰