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And importantly, we know that it's important to engage a broader prescriber base who are treating that 7,500 moderate to severe ISM patients who are diagnosed and actively seeking treatment today.
By the way, this inventory correction is likely the source of the recent weakness in the ISM reports.
For instance, many lead indicators (ISM, Philly Fed survey) have dropped precipitously in the past two months to levels typically associated with a recession, though within those…
ISM Manufacturing PMI and this is generally a market moving report.
Source: https://www.forexlive.com/technical-analysis/usdchf-technical-analysis-20230301/
Laura Pye, Director of National Museums Liverpool said: “Michelle has been connected to us at NML for many years, but now is a really exciting time for her to be joining as the Head of the ISM.
Source: https://www.liverpoolecho.co.uk/news/liverpool-news/new-head-international-slavery-museum-28068926
Markets are very much still riding on the reverberations from the underwhelming US ISM services report on Friday.
Now let's turn to ISM.
On Thursday, ISM announced that its non-manufacturing (services) index declined to 52.7 in July, down from 53.9 in June.
Other presentations at the meeting will characterize the burden of disease and showcase new approaches to accelerate diagnostic rates and continue to grow the ISM market.
Some of the ISM service components than plunged were the new orders component, dropping to 45.2 in December, down from 56 in November, while business activity slipped to 54.7 in December, down from 64.7 in November.
Source: https://seekingalpha.com/article/4568933-stocks-win-lose-earnings-season?source=feed_all_articles
That might have been a cue for profit taking but crude has stayed strong on optimism about the global economy in the aftermath of the China PMIs this week and today's ISM services data.
Source: https://www.forexlive.com/news/oil-bulls-pounce-on-the-dip-sending-crude-3-higher-20230303/
The ISM released Tuesday (Aug. 1) its Manufacturing Report on Business that shows the purchasing managers’ index (PMI) rose by 0.4 percentage points to 46.4% in July from June.
The ISM Services index confirms that the US economy is showing further signs of weakening as the service sector shrinks, which should support the case for holding gold.
The ISM services sector survey is due at the top of the hour.
Source: https://www.forexlive.com/news/us-october-sp-global-final-services-pmi-507-vs-509-prelim-20231103/
The manufacturing sector is still struggling and contracted for the ninth straight month in July, with the Institute for Supply Management’s (ISM) manufacturing purchasing managers index (PMI) increasing to 46.4.
US ISM Manufacturing PMI missed expectations and the sub-indexes like employment, prices paid and new orders all contracted by a notable margin.
Source: https://www.forexlive.com/technical-analysis/usdchf-technical-analysis-20230405/
U.S. ISM PMI figures are due later in the day.