Today is a busy Monday. I just had time to catch up on dinner and then take a look at the economic data tonight!
The main economic data tonight is the service industry index.
The data comes from two aspects, one from S&P and the other from the Supplier Management Association.
The final value of the US S&P Global Service Industry PMI in July, the previous value was 56, the expected value was 56 and the announced value was 55.
The data was slightly lower than the expected and previous value, which was OK. The data was not too bad.
The US ISM non-manufacturing PMI in July, the previous value was 48.8, the expected value was 51 and the announced value was 51.4.
This data is considered good data. The data comes from the official. The data shows that the US service industry is in good condition in July, and the data is higher than expected and the previous value.
Today's overall service industry data has good fundamentals. The United States is a service-oriented country, and most of its GDP also comes from the service industry. The good service industry data also proves the operating status of the economy from the side.
Although this data is not a high-weight economic data, at this moment, this data can effectively reduce the negative impact of the risk market on the expectation of a US economic recession.
At present, the US stock market has gradually rebounded steadily, recovering most of the losses in the opening stage.
