Read more
3:17 PM · 24 March 2026

Mixed US PMI data 🗽EURUSD gains

-
-
Open account Download free app

US Composite PMI: 51.4 (Expected: 51.9; Previous: 51.9)

  • US Manufacturing PMI: 52.4 (Expected: 51.5; Previous: 51.6)
  • US Services PMI: 51.1 (Expected: 52.0; Previous: 51.7)

The US PMI readings mirror trends observed in Europe: the manufacturing index came in well above expectations, while the services index underperformed forecasts. Given the dominant role of services in the US economy, the overall shift in sentiment appears negative, although the composite index remains above the 50 expansion threshold.

A potential driver behind the divergence between manufacturing and services could be the war in Iran, which may be supporting defense-related industrial activity while weighing on sectors such as tourism. US tourism may be further pressured by:

  1. Changes in the perception of the US as a travel destination,
  2. The ongoing crisis in US airspace administration.

Market reaction to the data remains limited, but EURUSD pair gains after the data.

 

Source: xStation5

1 April 2026, 5:48 PM

Daily Summary - Markets Await Trump's Address

1 April 2026, 3:43 PM

BREAKING: Another big increase of oil inventories despite Middle East disruption

1 April 2026, 3:17 PM

BREAKING: ISM shows that expansion continues but inflationary pressures surge

1 April 2026, 1:34 PM

BREAKING: U.S. retail sales above expectations! EUR/USD is gaining!

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits