ISM ManUfacting PMI Drops to 48.0; SP500 TESTS SESSION LOWS

Traders ALSO HAD A CHANCE TO DAKE A Look at the Final Reading of S&P Global Manufacturing PMI Report. The Report Showed that S&P Global Manufacturing Pmi Decreated From 52.9 In June to 49.8 In July, Compared to Analyst Consensus of 49.5.

Michigan Consumer Sentiment Increated From 60.7 In June to 61.7 In July, While Analysts Expectioned that It Wound Grow to 62.

The University of Michigan Commented: “Although Recent Trends Show Sentiment MOVING IN A FAVORABLE DIRECTION, SENTIMENT REMAINS Broadly Negative.”

Year-AHEAD INFLATION EXPERATIONS DECLINED FROM 5.0% TO 4.5%, While Long-Run Inflation Expectations Decreated from 4.0% to 3.4%.

US dollar index tested session Lows as traders reacted to the weaker-Qan-expectored ism manufacturing PMI report. Currently, US Dollar Index is Trying to Settle Below The 98.90 Level.

Gold Settled Near Session Highs After The Release of the Report. Gold is Trying to Climb Above the $ 3350 Level As Traders Focus on the Major Pullback in Treasury Yields, Which Was Driven by the Weak Non Farm Payrolls Report.