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- US employment rises as job market continues slow recovery
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The US services survey from the Institute of Supply Management is out, and shows activity strengthened in January – more than expected. The sector put in its best performance since February 2019.
ISM REPORT ON U.S. NON-MANUFACTURING SECTOR SHOWS PMI 58.7 IN JANUARY (CONSENSUS 56.8) VS 57.7 IN DECEMBER
ISM NON-MANUFACTURING PMI AT HIGHEST SINCE FEBRUARY 2019
– BUSINESS ACTIVITY INDEX 59.9 IN JANUARY (CONSENSUS 57.3) VS 60.5 PREV
– PRICES PAID INDEX 64.2 IN JANUARY VS 64.4 PREV
– NEW ORDERS INDEX 61.8 IN JANUARY VS 58.6 PREV
– EMPLOYMENT INDEX 55.2 IN JANUARY VS 48.7 PREV
The opening bell has run on Wall Street, and US stocks are mixed. The Nasdaq has opened 100 points higher after strong results from Google owner Alphabet and Amazon released after market close last night, while the Dow Jones is trading lower.
