Another weaker number.
The US ISM Non manufacturing came out weaker than expected at 52.9 vs 55.3 estimate.
- Employment came in at 49.7 vs 53 last
- Price paid came in at 55.6 vs 53.4
- New orders 54.2 vs 59.9
The reading is the weakest since Feb 2014.
On
top of the employment report, this is not a great day for the US
economic data. The Fed will have a tough time talking about this one.
The S&P is down 14 points
The Nasdaq is down 46 points
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