Coming up: S&P Global US flash PMIs and the Richmond Fed. What to watch for
<p>The US PMIs from S&P Global will be released at 9:45 am ET.</p><ul><li> The services survey is expected to slip to 49.8 from 50.1</li><li>The manufacturing survey is expected at 49.5 vs 49.8 previously</li></ul><p>At 10 am ET, the focus will stay on manufacturing with the Richmond Fed.</p><p>I'll be closely watching the services indicator in the S&P Global survey. The most-recent survey hinted at a weaker Q4 and the biggest contraction in new orders since December 2022:</p><blockquote>"The final PMI data for September add to indications
that the US economy has started to cool again after a
resurgence of growth earlier in the summer. Inflationary
pressures in the service sector meanwhile remain
uncomfortably sticky.
</blockquote><blockquote>"The biggest change in recent months has been the
waning in demand for consumer services, such as travel,
tourism and recreation, along with a slump in financial
services activity.
</blockquote>
This article was written by Adam Button at www.forexlive.com.
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