The US services sector continues growing nicely according to ISM. A score of 58.6 reflects solid growth, and this was expected. So was the slide from last month’s high. The employment index rose to 58.5 from 57.1 points, but we could have already guessed that after the NFP.
The US dollar continues rising with EUR/USD getting closer to 1.25.
New orders slide to 61 from 63.8 in August. Prices are down to 55.2 points from 57.7 in August.
The ISM Non-Manufacturing PMI was expected to tick down from 59.6 to 58.5 points in September.
The US dollar was marching forward after the NFP. — more coming
Earlier, Markit’s Final Services PMI was revised to the upside: from 58.5 originally reported to 58.9 in the final call for September.
This report often serves as an indicator for the US Non-Farm Payrolls. This time, it is released after the fact. NFP came out at an excellent +248K and also nice revisions were reported.
