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Services, Composite PMIs Fall from August

RUSSIA
  • S&P Global’s Services PMI for Russia fell to 55.4 from 57.6 in August while its Composite PMI fell to 54.7 from 55.9. Both PMIs indicate eight consecutive months of expansion.
  • "From day one, President Biden had two ‘North Stars’ in mind. One was to make sure that we are doing everything we possibly can to support Ukraine and to bring other countries along to the same thing. But the other is also to avoid being in direct conflict with Russia, because the potential where that conflict could go is not a place that anyone wants to be and not a place that’s good for the security of the American people," US Secretary of State Antony Blinken said as per Tass.
  • Russia will participate in a meeting of the OPEC+ joint ministerial monitoring committee. The Federal Statistics Service will report weekly inflation and the final estimate of 2Q GDP this afternoon.

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