The very important industrial sector data was released a short while ago and is expected to control the market mood in a short week filled with important events, led by Jerome Powell’s speech, the release of the Federal Reserve minutes, and employment data.
ISM industrial sector data
The Institute for Supply Management's Manufacturing Purchasing Managers' Index (PMI) came in at 48.5, with experts expecting 49.2, up from 48.7 in May.
The employment index in the industrial sector was lower than expectations, recording 49.3, while experts expected it to score 50.0 points. Industrial orders for June rose above expectations, recording 49.3, while experts expected 49.0.