Preliminary readings on services and manufacturing from Markit

  • Prior was 56.8

  • Manufacturing PMI 54.6 vs 54.1 -- lowest since Nov

  • Prior manufacturing 56.8

  • Composite PMI 56.0 vs 56.6 prior

  • Manufacturing employment at lowest since June 2017 -- 53.3 vs 54.8 prior

  • Manufacturing new orders at lowest since Sept

The Philly Fed was also soft yesterday.