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U.S. ISM non-manufacturing PMI rises to 56.0 in June, vs. exp. for 56.2

Published 06/07/2015, 15:03
Updated 06/07/2015, 15:09
© Reuters.  U.S. ISM non-manufacturing PMI rises less than forecast in June
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Investing.com - Service sector activity in the U.S. grew at a slower pace than expected in June, one month after expanding at the weakest rate in more than a year, industry data showed on Monday.

In a report, the Institute of Supply Management said its non-manufacturing purchasing manager's index inched up to 56.0 last month, up from 55.7 in May but below forecasts for a reading of 56.2.

EUR/USD was trading at 1.1044 from around 1.1036 ahead of the release of the data, GBP/USD was at 1.5562 from 1.5555 earlier, while USD/JPY was at 122.64 compared to 122.66 earlier.

The US dollar index, which tracks the greenback against a basket of six major rivals, was at 96.57, compared to 96.64 ahead of the report.

Meanwhile, U.S. stock markets were lower after the open. The Dow 30 lost 0.6%, the S&P 500 shed 0.55%, while the Nasdaq Composite declined 0.45%.

Elsewhere, in the commodities market, gold futures traded at $1,165.50 a troy ounce, compared to $1,164.90 ahead of the data, while crude oil traded at $54.36 a barrel from $54.25 earlier.

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