April final Markit US services PMI 57.4 vs 57.8 expected

• Prior was 57.8
• Composite 57.0 vs 57.4 prior
• Final employment index at 55.0 vs 55.4 in the flash reading
• Employment index at highest since June on a final basis

No market reaction to the data. The flash readings can have an impact but the final report rarely does. The ISM non-manufacturing data is due at the top of the hour and this adds a slight downward bias to the 56.2 reading expected.