Markets React to Strong ISM Non-Manf. Reading

Markets are reacting to the strong ISM Non-Manf. reading of 57.1, which easily eclipsed the consensus of 53.

Gold is down on the view that it increases the chances of a rate hike, sooner rather than later. Stocks and bond yields are stronger.

You May Also Be Interested In

• US stocks saw largest 2-week outflow since December 2022 - BofA
• Indonesia Energy Corporation (INDO) squeezes higher
• Oil prices jump over 3%, near $90 on reports of explosions in Iran