BREAKING: ISM Manufacturing above expectations as the economy continues its recovery

ISM Manufacturing from the United States for the month of May has just been released. The data came in above expectations as the headline index rose from 60.7 in April to 61.2 in May (vs exp. 61.0). ISM subindices were as follows:

• ISM Manufacturing New Orders: 67.0 (previously: 64.3)

• ISM Manufacturing Prices: 88.0 (previously: 89.6)

• ISM Manufacturing Employment: 50.9 (previously: 55.1)

US indices launched an impressive upward impulse after a long weekend in America. US2000 is a top gainer as the index was up by 1.30% at one point. The index dipped shortly after the US market open, but bulls are currently trying to regain control. Source: xStation5