It is against this backdrop of a slowing economy that we will get the minutes from the U.S. Federal Open Market Committee. Here are five things you need to know to for July 5, 2023.
How do you spell PMI? U-G-L-Y:
Futures are drifting lower after a spate of indications that the global economy is slowing. China’s Caixin services Purchasing Managers' Index fell to its lowest level since January. At 53.9 it is still expanding but shows slowing momentum is not limited to just the manufacturing sector. The Eurozone composite PMI slipped into contraction territory and Japanese services PMI was revised downward.It is against this backdrop of a slowing economy that we will get the minutes from the U.S.
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