A set of flash US PMI indices for November was released today at 2:45 pm GMT. US PMI data for November came in a few days later than European data due to the Thanksgiving holiday observed in the United States earlier this week. Data was expected to show deterioration in manufacturing and services sectors, with index for manufacturing dropping below 50 pts contraction-expansion threshold.
Actual report turned out to be mixed - manufacturing index dropped more than expected while services index unexpectedly improved. Such a combination allowed composite index to stay unchanged compared to previous month.
US, flash PMI indices for November
- Manufacturing: 49.4 vs 49.8 expected (50.0 previously)
- Services: 50.8 vs 50.3 expected (50.6 previously)
- Composite: 50.7 vs 50.4 expected (50.7 previously)
USD gained following the release with EURUSD moving slightly lower in a knee-jerk move. Wall Street indices moved slightly lower.
Source: xStation5

Economic Calendar: Nvidia at the Center of a Spying Scandal; Oil Prices Fall After Trump's Remarks📆
Morning Wrap: Taiwan and Asia Are Halting the Chip Crash Despite the Nvidia Espionage Scandal 💡
Daily summary: Wall Street rebounds after the sell-off 🔼 US dollar strengthens on solid NFP data, oil prices fall
BREAKING: US NFP much stronger than expected 📈 US Dollar and treasuries yields surge