Scoreboard: At your service

The surging services sector in the US saw the S&P 500 hit a new high, while European stocks were mixed as investors await the ECB’s next move.

The good news is that not only is the US manufacturing sector accelerating, but so is the services sector. That is, according to the ISM non-manufacturing index we saw last night. This rose to 56.3 in May from 55.2 the month prior with business activity, new orders, backlog of orders and employment all higher for the month.


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