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6 Aug 2014
US services sector keeps the good track – Danske Bank
FXStreet (Edinburgh) - The recent release of the ISM Non manufacturing showed the good pace of the recovery in the sector, observed Kasper Kirkegaard, Chief Analyst at Danske Bank.
Key Quotes
“A very strong US non-manufacturing ISM report was not enough to keep the equity market from falling and the key US indices ended the day down almost 1%”.
“Asian markets have followed lower overnight and are trading in red across the board this morning”.
“Overall, however, it is still Europe that has seen the biggest price correction so far since June”.
“The US non-manufacturing ISM rose to index 58.7 in July from 56 in June, which is the highest reading since 2005”.
Key Quotes
“A very strong US non-manufacturing ISM report was not enough to keep the equity market from falling and the key US indices ended the day down almost 1%”.
“Asian markets have followed lower overnight and are trading in red across the board this morning”.
“Overall, however, it is still Europe that has seen the biggest price correction so far since June”.
“The US non-manufacturing ISM rose to index 58.7 in July from 56 in June, which is the highest reading since 2005”.