U.S. Dollar Losing Ground Ahead of ADP and
ISM Services Report The U.S. Dollar is trading lower against most currencies with the exception of the Japanese Yen as stronger equity markets in Europe and Asia helped drove up demand for higher yielding assets.
The first order of business today that traders will react to are the ADP Employment Report and
the ISM Services Report.
Treasury yields closed the session on one - week highs, as the ADP employment report showed a robust labor market, which bodes well before Friday's government release, while the relief rally is risk assets also pushed yields higher across the curve, despite the slight miss in
the ISM services PMI.
Rosenberg argued that Friday's number doesn't follow January's
ISM services report or the ADP jobs print showing 160,000 private - sector services jobs created last month.
Some key economic reports this week — Employment (4 % unemployment rate expected with 175k jobs added)-- ISM Index comes in just below last month's, below expectations — still strong —
ISM Services on tap — expectations are for 59 (prior 59.5)
The ISM services index for April fell 2 pts m / o / m to 56.8 and that was below the estimate of 58.
At 10AM, a worse than expected report on
ISM Services (56.8 vs. exp.
The Institute of Supply Management (ISM) has now released the April Non-Manufacturing Purchasing Managers» Index (PMI), also known as
the ISM Services PMI.
ISM manufacturing activity actually contracted and
ISM services growth is slowing dramatically.
All markets will continue to focus on the volatility in the equity and bond markets, geopolitical events, developments with the Trump Administration, corporate earnings, oil prices, and will turn to this afternoon's FOMC Meeting Statement followed by reports tomorrow on UK PMI, Eurozone PPI, CPI, US Challenger Job Cuts, Productivity, Unit Labor Costs, Jobless Claims, Trade Balance, Markit Services PMI,
ISM Services, Durable Goods and Factory Orders for near term direction.
Not exact matches
But the
ISM nonmanufacturing index showed growth in the
services sector slowed last month.
The main reason for this move towards generic -
ism is technological — it's relatively easy nowadays for one company to duplicate another's
services, especially when that company is sitting on piles of money.
Also out this morning: U.S. trade deficit, which likely narrowed in September, will be released at 8:30 a.m. ET and the
ISM non-manufacturing index, which is expected to show a small decline in the pace of
service sector growth, will be released at 10 a.m. ET.
Also on the economic agenda today we have
ISM non - manufacturing /
service composite, durable goods, and factory orders at 10 am.
The increase in the
ISM's
service index bucked the prevailing trend in economic data.
For example, weekly initial jobless claims are currently running at around the 345,000 level, which in the past has been consistent with monthly employment gains of around 150,000; the manufacturing
ISM employment index is at a 20 - year high; and growth in temporary - help
services employment (which tends to lead overall employment) has picked up.
The Institute for Supply Management's (
ISM's) purchasing managers» index (PMI) covering
services in September came in significantly higher than consensus forecasts, registering its highest reading since 2005, with business activity and new orders notable areas of strength.
The headline
ISM composite indexes for both manufacturing and
services remained upbeat (though down from October's levels), with new orders and business activity particularly strong subcomponents of the respective surveys.
Conditions have also improved in the
services sector, with the
ISM measure of sentiment at very high levels.
Currency, eur, EUR - USD, EUR / USD, Eurozone Core Flash Estimate, Eurozone CPI Flash Estimate, Eurozone Final
Services PMI, Eurozone PPI, Eurozone Retail Sales, Forex News, French 10 - year Bond Auction, German Bubas President Weidmann, Market Pulse, Spanish 10 - year Bond Auction, US Average Hourly Earnings, US Challenger Job Cuts, US Factory Orders, US Final
Services PMI, US
ISM Non-Manufacturing PMI, US Natural Gas Storage, US Nonfarm Employment Change, US Preliminary Nonfarm Productivity, US Preliminary Unit Labor Costs, US Trade Balance, US Unemployment Claims, US Unemployment Rate, usd
Burger 21's «B -
isms» boldly state the brand's values and what customers can expect from the food and
service in its restaurants.
About Site -
ISM is a leading interactive, mobile, search and social marketing solutions provider focused on industrial, BtoB, B2C and agency
services markets.Industrial Marketer have received an award for Nashville Best Places to Work.
by Walter Chaw Where the first season ended with at least lip -
service to ambiguity and frustration, the second runs a disturbingly cheery course of happy horseshit and the worst kinds of Dr. Phil -
isms while canonizing our Sainted Paul (Gabriel Byrne) on the cross of other peoples» problems.
Other items include
ISM's
service - sector index and factory orders today, followed by oil inventories on Wednesday and jobless claims Thursday.
ISM does not use automated telephone
services during regular business hours, so most calls are answered by a customer
service representative in typically less than 10 seconds.
-- dave [A «denial of
service attack» is a computer -
ism, describing a scheme whereby something is rendered so busy that it behaves as if it was turned off.]
«Our iWay
Service Manager (
iSM) integration engine and WebFOCUS analytics platform enables blockchain applications to turn raw data into instant insights, while our Omni - Gen data management platform enforces consistency and standardization within blockchain applications, helping customers to easily integrate many types of applications, databases, and computing platforms onto Hyperledger Fabric.
About Blog
ISM is a leading interactive, mobile, search and social marketing solutions provider focused on industrial, BtoB, B2C and agency
services markets.Industrial Marketer have received an award for Nashville Best Places to Work.
Client facing Graduate Sales Executive role looking for articulate and professional individuals to sell market leading business solutions
ISM Graduate Sales training is provided to the successful candidate Sector: Document Management
Services Role: After full product and sales training, as a graduate...
It starts with the company's culture of
service and the many «
ISMs,» or ideals, the company strives to work and live by, Dempsey says.