WS #11520

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ISM Services PMI came in at 54.0 (in line), but Employment subindex jumped to 51.2 from 47.9, indicating labor market resilience, while Prices Paid eased to 67.7. Trump stated Ukraine war is 'getting closer than people realize' and Iran 'not looking for regime change', suggesting diplomatic progress that could de-escalate geopolitical risk premiums.

ISM Services PMI data

ISM Services PMI came in at 54.0 (in line), but Employment subindex jumped to 51.2 from 47.9, indicating labor market resilience, while Prices Paid eased to 67.7.

Trump stated Ukraine war is 'getting closer than people realize' and Iran 'not looking for regime change', suggesting diplomatic progress that could de-escalate geopolitical risk premiums.

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