The recent U.S. PMI reading showed a significant decrease compared with market forecasts. The Manufacturing PMI equals 50.8 (est. 51.5). The figure still indicates expansion, but slowdown is already visible (previous 51.9). Both Markit Composite PMI (49.6) and Services PMI (49.4) fell below key 50 level. Markit Composite figures are the worst since 2013. Moreover, Services PMI reading is far worse than forecasts (est. 53.0)
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%⏰