MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Services PMI Confirmed At Highest In Over Two Years

US DATA
  • Services PMI was revised a little higher to 55.3 in the final June release (prelim and cons 55.1) after 54.8 in May.
  • It’s a fresh high since Apr’22 and the press release (full here) points to the improved business outlook but the upcoming ISM services report at 1000ET will likely set the tone.
  • “Growth momentum improved in the US service sector in June, with firms seeing sharper increases in both business activity and new orders. Companies responded to growth of new business by increasing workforce numbers for the first time in three months, but backlogs of work built up nonetheless.”
  • “Rates of increase in both input costs and output prices eased in June, but in each case remained above pre-pandemic averages. Higher labor costs were central to price rises.”
  • The composite PMI subsequently increased to 54.8 (prelim 54.6) after 54.5 in May.
EM BulletHomepagemarkets-real-timeCommoditiesEmerging Market NewsMetals bulletEnergy BulletsBulletMarketsFixed Income BulletsForeign Exchange Bullets
EM BulletHomepagemarkets-real-timeCommoditiesEmerging Market NewsMetals bulletEnergy BulletsBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.