BREAKING: US S&P flash PMI readings weaker than expected. US500 rises 📈

2:46 PM 23 April 2024

US S&P Composite flash PMI reading (April) came in 50.9 vs 52 exp. and 52.1 previously

Manufacturing PMI: 49.9 vs 52 exp. and 51.9 previously
Services PMI: 50.9 vs 52 exp. and 51.7 previously

Markets reacted to the data with US dollar sell-off and buying spree on S&P 500 futures (US500) as lower than expected data from services signal still possible lower inflation pressure in the future.

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Source: xStation5

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