ADP employment data (152,000 vs 175,000) and weakness in the US service sector PMI employment component have kept market risk appetite low. Surveyed respondents indicated adjustments in their hiring and capital investment strategies, managing borrowing, feeling the economic slowdown, decreasing recruitment with slight price increases, and reduced capital investment and slowed upgrades of major facilities due to high interest rates. Despite this, the market has chosen to overlook the strongest overall performance of the non-manufacturing ISM index in 9 months (53.8 vs 51).
Innovative Analysis of SignalPlus Macro 20240606 BTC ETF Sees Over 12 Billion Inflows in Two Days
By admin