Chat with us, powered by LiveChatUS November's ISM PMI report

US November's ISM PMI report

US November's ISM PMI report

US November's ISM PMI report

November's ISM PMI report indicated that US services industry activity increased in November, showing that the world's largest economy remains resilient despite growing macro headwinds. Upbeat ISM data followed a stronger-than-expected payroll report, which has thrown some cold water into expectations for a less aggressive tightening even markets still waiting an over 75% chance that FED will hike rates by 50 basis points in December. Furthermore, the factory orders rose more than expected by %1 MoM in October. After the data, the Dollar Index is hovering around 104.95 level. In addition, US Treasury yields are retracing to the levels for 10-year %3.60 and for 2-year %4.35.

This site uses cookies

This website uses cookies to enhance your browsing experience. By continuing to use this site, you consent to the use of cookies. To learn more about how we use cookies and how you can manage them, please review our Privacy Policy.

LOADING...