The services sector expanded in August, according to the latest ISM Services PMI data. The reading was 51.5, just slightly better than the 51.4 reading from ...
. The reading was 51.5, just slightly better than the 51.4 reading from July. Wall Street had also been looking for 51.4. The employment index fell, while new orders rose.Also coming in a hot at 57.3 versus the previous number of 57 employment, though coming in a bit soft at 50 point to the previous number you got.I do want to flip our board over to the Treasury if we can, guys, because it's interesting to see the Treasury markets reaction to this economic data.
And right now, as you're saying it here, the reading in August, marking the sixth time that the Services composite index has been an expansion territory in 2024. And of course, we'll get the all important BLS the Bureau of Labour Statistics, as you know, tomorrow Friday, and we'll see exactly where that continues to push the Fed in their own commentary around where they need to insert even more policy as the markets are anticipating that first rate cut come mid September Here we've got markets hitting session highs on the heels of that economic data as wellUK Technology Company with Calgary as North American HQ Hires Local Managing Director...
Surge Energy Inc. is pleased to announce the closing of its previously announced private placement offering of $175 million aggregate principal amount of senior unsecured notes due 2029 . The Notes bear interest at a rate of 8.500% per annum and mature on September 5, 2029. The Notes were priced at 100% of par to yield 8.500% per annum.NatWest has been accused of “ripping off” existing mortgage holders by failing to offer them the same rates as new customers.
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