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While weakness in China and Eurozone economies fed policymakers with worries about stagflation taking hold, South Africas economy grew by more than expected.
Data for the services sector's performance comes after the manufacturing PMI rose to a three-month high of 58.6 in August
TODAY’S GAME PLAN: from the trading desk, this is not research DATA/HEADLINES 10:00ET U of Mich Sentiment; 10:05ET Fed’s Powell speaks at Jackson Hole; 11:00ET Kansas City Fed Services Activity; 11:30ET Fed's Mester speaks on CNBC; 12:30ET Fed's Goolsbee speaks; 2:00ET Fed's Goolsbee speaks; 2:30ET Fed's Mester speaks; 3:00ET ECB's Lagarde speaks TODAY’S HIGHLIGHTS:
I told you this was a seasonally weak time of year. The US economy remains strong, bonds under pressure sending yields even higher. 5% riskless is now
“The resilience of the service sector underscores its vital role in fuelling Indias economy, with the PMI results for July so far pointing to a notable contribution from the sector to overall GDP for the second fiscal quarter,” said Pollyanna De Lima, economics associate director at S&P Global Market Intelligence.