The US ISM Non-Manufacturing PMI results where just released. The announcement is expected to affect the following instruments for the next few hours:
Due to the increased volatility in the market around this news event we would advise that you review any open positions in the market.
These statistics are based on the past 12 US ISM Non-Manufacturing PMI events, in which these instruments were all affected
Why this event matters:
The Non-Manufacturing ISM Report On Business® is based on data compiled from purchasing and supply executives nationwide. Survey responses reflect the change, if any, in the current month compared to the previous month. For each of the indicators measured (Business Activity, New Orders, Backlog of Orders, New Export Orders, Inventory Change, Inventory Sentiment, Imports, Prices, Employment and Supplier Deliveries) this report shows the percentage reporting each response, and the diffusion index. An index reading above 50 percent indicates that the non-manufacturing economy in that index is generally expanding; below 50 percent indicates that it is generally declining.
Disclaimer: Past performance may not be indicative of future performance