June prelim Markit US PMI 49.6 vs 50.0 expected

Manufacturing and services PMIs for June 2020
Services:
Composite index at 46.8 vs 37.0 prior.
This is a rebound but it's not as good as hoped, especially after all the beats in Europe today. The general message is that manufacturing and services continued to contract, albeit at a much slower pace than in May.

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