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February 2016 US Markit services PMI flash 49.8 vs 53.5 exp

February 2016 US Markit services PMI flash data report 24 February 2016

  • Prior 53.2
  • Employment 54.2 vs 54.3 prior
  • New orders down
  • Composite 50.1 vs 53.2 prior
  • Employment 53.7 vs 54.0 prior
  • New orders at lowest since Jan last year

Contraction, ouch. First time since Oct 2013.

Not a good report. That's manufacturing and now services sown in the dumps (ok, a bit of selectiveness with my data)

EURUSD has been knocked up above 1.1000 again. as USDJPY ducks under 111.50 to 111.32. Don't forget we've got the option expiry in 10 mins and some lumpy strikes at play around current levels

US services PMI

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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