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US S&P Global Services PMI Final (Dec) 52.5 vs. Exp. 52.9 (Prev. 54.1)

The final S&P Global Services PMI for December at 52.5 misses expectations of 52.9 and reflects a notable decline from the previous 54.1.

Newsquawk StaffNewswiresPublished On the live feed at — 4 more headlines followed before this page went public
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Newsquawk European Market Wrap - 6th January 2026

US EQUITY OPEN: NDX outperforms as small-cap RUT lags, while S&P Global Services misses expectations

US S&P Global Services PMI Final (Dec) 52.5 vs. Exp. 52.9 (Prev. 54.1)

Fed's Barkin (2027 voter) says long-term rates are being driven by supply and demand of US Treasuries, with supply rising on larger deficits

US will commit to supporting Ukraine in the scenario of a future Russian attack, Bloomberg reports citing a draft statement

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  • "the resilience of the US economy is showing signs of cracking."
  • "the number of companies cutting headcounts has exceeded those reporting higher employment for the first time since February."
  • "we could see the unwelcome combination of slower economic growth and stubbornly high inflation at the start of the new year. "
Context

This could signal weakening momentum in the service sector, indicating potential challenges ahead for economic growth while inflation remains a concern. Traders should watch for implications on monetary policy as slower growth paired with persistent inflation makes for a complex outlook.

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