US October flash S&P Global Manufacturing PMI came in at 56.0, Services PMI at 57.9, and Composite PMI at 57.6.

LiveSquawk10/23, 08:45 PM

Figures as quoted by LiveSquawk

Market impact

Which way this story pushes each asset. An inference from the story, not a measured move.

USD
Would push up
DaysMedium confidence
Strong composite/manufacturing PMI can reduce pressure for Fed easing, supporting the dollar if confirmed by the Fed's tone
US10Y
Would push up
DaysMedium confidence
Resilient business activity data can keep yields firmer heading into the Fed decision

What could change this

If the composite's drop from 58.4 to 57.6 continues into weaker readings, the growth story could soften and reduce this USD/yield support.

7,623.68-0.52%vs previous close

-0.12%

since this story

Measured from the price when this story was posted to the latest stored price, so it can lag the live price.