Highlights of the Markit services and composite PMI reports:

  • Prior was 57.8
  • Composite 57.0 vs 57.4 prior
  • Final employment index at 55.0 vs 55.4 in the flash reading
  • Employment index at highest since June on a final basis

No market reaction to the data. The flash readings can have an impact but the final report rarely does. The ISM non-manufacturing data is due at the top of the hour and this adds a slight downward bias to the 56.2 reading expected.