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ISM services survey highlights Monday's US economic calendar

The new week kicked off with a bang as OPEC+ delivered cuts through 2024 and Saudi Arabia pledged to lower production by 1m bpd in July, and maybe longer. WTI crude touched $75 only to fade back to nearly unchanged. It's up $1.82 to $73.55 now and it will be an interesting week for commodities.What's holding them back is fear of a recession and a sluggish economy in China. Today's China services PMI from Caixin was at 57.1 in an improvement from 56.4 but many are looking for some real stimulus f... Read More

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Posted: Jun 5 2023, 12:38

Author Name: forexlive

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