Page 8 - Markit Us Services News Today : Breaking News, Live Updates & Top Stories | Vimarsana

by Tyler Durden Wednesday, Mar 03, 2021 - 08:01 AM Once again market sentiment has reversed violently - or rather the opposite - overnight, with yesterday's late day spoo slump inspired by the short squeeze in Rocket Mortgage - which forced hedge funds to liquidate their best positions - being faded and on Wednesday Emini futures jumped 0.6%, global shares gained with European indexes echoed positive moves in Asia, as a recent retreat in Treasury yields fuelled demand for riskier assets... even though the 10Y has rebounded 5bps to 1.45% overnight as focus again turned back to the stimulus-fue...

Written by Steven HansenThe ISM improved but remained in expansion whilst the Markit PMI improved advanced further into expansion.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Once traders return from Monday's Presidents Day holiday, data on the strength of the U.S. consumer will be in focus, with the Commerce Department's monthly retail sales report and earnings results from retail giant Walmart each on tap.

January 2021 ISM and Markit Services Surveys Improved Analyst Opinion of the ISM and Markit Services Survey I have a hard time believing services are in expansion with many restaurants, bars, and gyms running nowhere near full potential - and parts of the country have returned to lockdown. From Econoday: Output and new order growth regain momentum Fastest increase in cost burdens on record Slowest rise in employment since July 2020 January PMITM data signalled a sharper expansion in business activity across the U.S. service sector. Excluding November's recent high, the latest upturn was the f...