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JP Morgan's Daniel Silver on jump.....>

US DATA REACT
US DATA REACT: JP Morgan's Daniel Silver on jump in Jan ISM to 59.9 vs. 56.0 in
Dec, "like the headline figure, most of the details of the January report were
upbeat, including a strong level for the new orders index (62.7) and a new
record high for the employment index (61.6)." Meanwhile, Silver notes while the
"ISM nonmanufacturing survey firmed in January, we have seen moderation in many
of the other recent surveys, including the Markit services PMI that was also
released this morning. In the services PMI, the headline figure, reflecting
business activity, declined from 53.7 in December to 53.3 in January, with the
January reading unrevised relative to the flash report for the month."

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