Market Trends - Flash PMIs data indicates weaker than expected performance in manufacturing, service, and composite sectors [1] - Equities are moving higher while rates are slipping lower, potentially impacting Fed policy [1] Economic Indicators - Headline PMI at 520%, representing the weakest level since July [2] - Services PMI at 539%, marking the weakest level since June [2] - Composite PMI at 536%, also the weakest level since June [2] - All three PMIs (manufacturing, services, composite) are above 50, indicating expansion, but are sequentially lower than previous periods [2] Upcoming Data - Richmond Fed manufacturing and service indices are expected [3] - Interest rates are slightly lower, down three basis points on the 10-year [3]
S&P global manufacturing PMI comes in weaker than expected
CNBC Televisionยท2025-09-23 15:24