US S&P Global Composite PMI Flash (Jan) 52.8 (Prev. 52.7)

The slight improvement in the US S&P Global Composite PMI Flash for January, moving from 52.7 to 52.8, suggests a marginally more optimistic outlook for GDP growth, projected at 1.5% annualized.

Newsquawk StaffPublished On the live feed at 6 more headlines followed before this page went public
Newsquawk headlinesUTC

US Michigan 5 Year Inflation Expectations Final (Jan) 3.3% vs. Exp. 3.4% (Prev. 3.2%)

US EQUITY OPEN: Indices in the red as NVDA gains but INTC tumbles post-earnings

US S&P Global Composite PMI Flash (Jan) 52.8 (Prev. 52.7)

SLB (SLB) CEO says it can ramp up safety in Venezuela, adding that key international markets are expected to surpass last years

Denmark's PM says they are preparing for the next steps

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Free. No signup, no card.
  • "The survey is signalling annualised GDP growth of 1.5% for both December and January, and a worryingly subdued rate of new business growth across both manufacturing and services adds further to signs that first quarter growth could disappoint."
  • "Jobs growth is meanwhile already disappointing, with near stagnant payroll numbers reported again in January,as businesses worry about taking on more staff in an environment of uncertainty, weak demand and high cost". 
Context

However, the continued signs of subdued new business growth and disappointing job numbers indicate that the first quarter may still face challenges, potentially influencing expectations for monetary policy moving forward.

Related headlines

The whole workspace, free to try.

Try it free