US ISM Services New Orders (Jan) 53.1 (Prev. 56.5, Rev. From 57.9)
The US ISM Services New Orders index dropped to 53.1 in January from a previous reading of 56.5, revised down from 57.9.
CBRT says service inflation was driven by labour cost
Polish Central Bank reiterates that future decisions will depend on incoming data, remains willing to intervene in FX if needed
US ISM Services New Orders (Jan) 53.1 (Prev. 56.5, Rev. From 57.9)
First day of talks between Ukraine and Russia have reportedly ended, and will continue on Thursday; Ukrainian Official suggests talks were productive
US EQUITY OPEN: Indices mixed but NDX leads losses amid AMD weakness ahead of GOOGL/QCOM earnings
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This significant decline suggests weakening demand in the services sector, which could impact growth forecasts and raise concerns about overall economic momentum. Market participants may interpret this data as potentially dovish for monetary policy, prompting reassessments of future rate hikes.
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