The U.S. October ISM Non-Manufacturing Index recorded a significant increase, reaching 56, the highest level since July 2022. This exceeded expectations of 53.8 and marked an improvement from September's figure of 54.9.
Following the release of this data, U.S. stock indices expanded their gains, while U.S. Treasury prices fell. The ICE U.S. Dollar Index showed minimal change, maintaining a drop of over 0.2%, staying below the 103.650 mark.
Further data from Markit highlighted similar trends.
