Breaking News

U.S. Services Purchasing Managers Index (PMI)

Latest Release

Sep 05, 2024

Actual

55.7

Forecast

55.2

55.0

The Service PMI release is published monthly by Markit Economics. The data are based on surveys of over 400 executives in private sector service companies. The surveys cover transport and communication, financial intermediaries, business and personal services, computing & IT, hotels and restaurants.
An index level of 50 denotes no change since the previous month, while a level above 50 signals an improvement, and below 50 indicates a deterioration. A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.

Importance:

Country:

Currency: USD

Source: Markit

Release Date	Time	Actual	Forecast	Previous
Sep 23, 2024 (Sep)	15:45			55.7
Sep 05, 2024 (Aug)	15:45	55.7	55.2	55.0
Aug 22, 2024 (Aug)	15:45	55.2	54.0	55.0
Aug 05, 2024 (Jul)	15:45	55.0	56.0	55.3
Jul 24, 2024 (Jul)	15:45	56.0	54.7	55.3
Jul 03, 2024 (Jun)	15:45	55.3	55.1	54.8

News

Slumping US futures, Nikkei's hefty fall, Bitcoin weakness - what's moving markets By Investing.com - Aug 05, 2024

Investing.com -- Wall Street looks set to start the week with hefty losses on concerns that the U.S. economy is slowing down rapidly. Japan's Nikkei index entered bear market territory earlier in the...

Stock Market Today: S&P500 wraps up third weekly win despite slip on Nvidia wobble By Investing.com - Jun 21, 2024

Investing.com -- The S&P 500 wrapped up its third-weekly win Friday despite closing closer after Nvidia took a breather from its recent melt-up. By 16:00 ET (20:00 GMT), the Dow Jones Industrial...

Microsoft on top, Boeing's deal, UK public debt - what's moving markets By Investing.com - Jun 21, 2024

Investing.com -- Microsoft regains its title as the world's most valuable company after Nvidia's stock retreated. Wall Street is set for a calm open, while Boeing is close to regaining control of...

Analysis

Gold: This Drop Could Be a Bear Trap - How to Play the Potential Bounce Higher By Fawad Razaqzada - Jul 22, 2024 1

Gold's recent record highs were followed by a sharp decline, raising concerns about a peak. Despite this, support levels and historical patterns suggest that gold might rebound. Key economic events...

Local Markets Rebound as Focus Shifts to Coalition Talks By Adriaan Pask - Jun 04, 2024

The local bourse had a great start to the week, adding 1.36% to finish at 77 746 points, after four consecutive sessions of declines, as investors evaluated the national elections results. Although...

Nasdaq Eyes Record Highs - Key Trading Levels to Watch Before Taking a Position By Fawad Razaqzada - May 23, 2024

Nvidia's blowout earnings have lifted European shares and US futures. Nvidia and QQQ are poised to open at record highs despite hawkish Fed minutes. In this piece, we will look at some key levels to...

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