S&P global manufacturing PMI comes in weaker than expected

Group 1 - The flash PMIs indicate weaker than expected performance in manufacturing, services, and composite sectors, with all three metrics showing sequential declines [1][2] - The headline PMI is at 52.0%, marking the weakest level since July, while the services PMI is at 53.9%, the lowest since June, and the composite PMI is at 53.6%, also the weakest since June [2] - Despite the declines, all three PMIs remain above 50, indicating that the sectors are still in expansion territory [2] Group 2 - Interest rates are slightly lower, with a decrease of three basis points in the 10-year yield [3] - Upcoming data from the Richmond Fed manufacturing and service indices is anticipated, which may provide further insights into the economic landscape [3]