[MARKET UPDATE] Hawkish reaction following the US ISM Services figure where the headline topped expectations; session high for DXY (98.64) whilst USTs are eyeing session lows; US equity futures also pressured across the board, RTY -0.9%

Hawkish reaction following the US ISM Services figure where the headline topped expectations; session high for DXY (98.64) whilst USTs are eyeing session lows; US equity futures also pressured across the board, RTY -0.9%.

The stronger-than-expected ISM Services figure is driving a hawkish market reaction, resulting in a session high for the DXY and downward pressure on U.S. Treasuries and equity futures. This suggests that traders are reassessing growth and inflation expectations, which could imply a shift towards a tighter monetary policy if this trend continues.