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GLOBAL MARKETS-Soft ISM data sends dollar lower; stocks advance
[Reuters - UK Focus] - The dollar slumped on Tuesday after data on the U.S. services sector fell well short of expectations, while a gauge of global equity markets held near a one-year high. The Institute for Supply Management said its index of non-manufacturing activity fell to 51.4, its lowest level since February 2010, from 55.5 the month before and well shy of the 55 estimate. The services sector report diminished expectations for a rate hike by the U.S. Federal Reserve in September, with the odds of a rate hike this month now at 18 percent, versus 21 percent on in the prior session, according to CME's FedWatch tool.
GLOBAL MARKETS-Soft ISM data sends dollar lower; stocks advance - Yahoo Finance UK
[Reuters - UK Focus] - The dollar slumped on Tuesday after data on the U.S. services sector fell well short of expectations, while a gauge of global equity markets held near a one-year high. The Institute for Supply Management said its index of non-manufacturing activity fell to 51.4, its lowest level since February 2010, from 55.5 the month before and well shy of the 55 estimate. The services sector report diminished expectations for a rate hike by the U.S. Federal Reserve in September, with the odds of a rate hike this month now at 18 percent, versus 21 percent on in the prior session, according to CME's FedWatch tool.
GLOBAL MARKETS-Soft ISM data sends dollar lower; stocks advance - Yahoo Finance UK
