US ISM Services PMI Actual 49.9 (Forecast 52, Previous 51.6)
- New Orders: 46.4 (Forecast 51.6, Previous 52.3)
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Employment: 50.7 (Forecast 49, Previous 49.0)
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Prices Paid: 68.7 (Forecast 65.1, Previous 65.1)
We can see very high prices paid, with low new orders and slightly stronger employment from the US Services.
Previously, we also saw the release of S&P PMIs (Final readings for May)
- US S&P Services Final: 53.7 (Forecast 52.3)
- US S&P Composite PMI Final: 53.0 (Forecast 52.1)
Daily Summary: Wall Street Under Pressure as U.S. Bond Yields Rise Above 5%
Wall Street waits for the Fed
Saudi Arabia announces the cancellation of part of its September oil shipments to Europe🚢
US Open: 10-Year Treasury Yield Breaks Above 5% as Wall Street Comes Under Pressure Ahead of Fed Decision