Daily Market Notes
Four Publishers, Five Pages, and No Keyword That Selects Today's 14:00 Release
Four publishers name today’s 14:00 UTC ISM release and four name the 13:45 S&P Global services PMI, and across five pages the words attached to them are the same words — non-manufacturing, services, composite, ISM, PMI. There is no keyword that selects one and not the other. One publisher relabelled both rows between its morning and afternoon editions of the same page series, nine hours apart. The euro-area Sentix survey that missed its consensus by 1.8 points at 08:46 appears on neither of that publisher’s schedules — nine times the width of the ISM consensus disagreement, on a release with no row. And the ADP actual for 30 September is still blank, five days on.