Read more
1:49 PM · 21 April 2023

BREAKING: US PMIs better than expected!

-
-
Open account Download free app
  • Manufacturing: 50.4 vs expected: 49 Previous: 49.2

  • Services: 53.7 vs expected: 51.5. Previous: 52.6

Data came better than expected by analysts and this means the US economy remains strong. Which gives some space for the FED to continue to tighten monetary policy. As in the EU, the PMI services came much better than manufacturing.

Currently investors estimate the probability of a 25 pb rate hike at 86.6% in favor of a 25 bp hike and 13.4% in favor of no change at the Fed meeting in early May. After the release of the PMI data, investors have some hints on what to expect from the ISM data for April, which will be released on May 3. 

US500 is trading below 4160 points. Right after the publication there was no significant reaction. However, a moment later the index dipped below 4150 points moving away from the upper support line.

6 March 2026, 6:59 PM

Daily summary: Indices and crypto decline amid rising oil prices 🚩 Gold and the US dollar move higher

6 March 2026, 5:51 PM

Oil surges 11% amid escalating Middle-East conflict 📈VIX gains driven by fear on Wall Street

6 March 2026, 5:33 PM

BREAKING: Iran signals Europe will be 'a legitimate target' if EU joins war

6 March 2026, 4:17 PM

Wall Street tries to stop the deeper decline 🗽Marvell Technology jumps 10%

Join over 2 000 000 XTB Group Clients from around the world
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits