Slightly better than expected data out of the US: the ISM Manufacturing PMI came out at 50.1 and prices advanced to 39. Construction spending is up 0.6%. The bad news comes from the employment component – it dropped to 47.6 points, in contraction territory.
The US dollar is slightly lower in the initial aftermath.
Read the rest of the article ISM Manufacturing PMI at 50.1 but employment in contraction