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BREAKING: US100 extends gains to 4% after PMI data

2:48 PM 23 April 2025

United States - PMI Data for April:

  • US S&P Global Manufacturing Apr P: 50.7 (est 49.0; prev 50.2)
  • - Services PMI: 51.4 (est 52.6; prev 54.4)
  • - Composite PMI: 51.2 (est 52.0; prev 53.5)

An interesting data set: The manufacturing PMI remains above 50, contrary to expectations that sentiment would deteriorate. Importantly, this comes at a time of massive uncertainty regarding tariffs. On the other hand, the services PMI is down significantly, but remains above 50, indicating continued growth for the sector.

 

Source: xStation 

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