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.
Source: xStation5
🔝US500 is 0.25% off its highs before CPI
BREAKING: EURGBP muted despite solid PMI data from the UK 🔎
Strong PMI from Germany, mixed data from France. Euro gains 🔎
Economic calendar: Delayed US CPI report due Today 📌