EUR/USD
1.18144
-0.027%
Gold
4993.38
0.951%
Oil
63.011
-0.963%
USD/JPY
156.468
0.444%
GBP/USD
1.36805
-0.125%
GBP/JPY
214.062
0.327%
Real-time News
On February 4th, Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, commented on the US January Services PMI data, stating that the continued expansion of the services sector, supported by strong manufacturing output growth in January, indicates that the economy is growing at an annualized rate of approximately 1.7%. However, this growth rate is significantly slower than the pace of expansion before the slowdown in December, suggesting that first-quarter GDP growth may be cooling. Consumer-facing businesses are increasingly reporting a challenging operating environment, with service demand declining in January and nearly stagnating in December, reflecting weak consumer confidence and cost-of-living pressures. While financial and business service providers have shown relative resilience, demand growth in these sectors is also beginning to weaken amid growing concerns about the economic outlook, often attributed to political uncertainty. Meanwhile, inflationary pressures in the services sector remain high.The US January ISM non-manufacturing PMI will be released in ten minutes.The European Parliament may hold a preliminary vote on the US trade agreement on February 24.EU lawmakers said the European Parliament has agreed to resume efforts to implement the US trade agreement.The Dow Jones Industrial Average opened 215.49 points higher, or 0.44%, at 49,456.48 on Wednesday, February 4; the Nasdaq Composite Index opened 110.00 points lower, or 0.47%, at 23,145.19 on Wednesday, February 4; and the S&P 500 Index opened 1.81 points lower, or 0.03%, at 6,915.98 on Wednesday, February 4.
