dipped 0.1%, putting it on track for its first weekly decline in three weeks. U.S. Treasuries stood firm and crude oil weakened.
The country's services sector also slowed more than expected, while earlier figures showed a stalling at factories as well. U.S. Nasdaq E-mini futures pointed to a flat restart on Thursday, after the tech stock benchmark slumped 1% overnight. E-mini futures for the broader S&P 500 also indicated a steady start, following Wednesday's 0.25% slide.
"Investors should not rush to buy the pivot, as when the Fed cuts rates, it is too late to prevent a recession," Barclays chief European equity strategist Emmanual Cau said.Treasury yields, which move inversely to prices of the debt securities, have fallen. The yield on the 10-year note stood at around 3.29% on Thursday morning in London, sticking close to the nearly seven-month low of 3.266% reached overnight.
BIDENFLATION BIDENFLATION BIDENFLATION
BRICS expansion that almost nobody is talking about…