Markit PMIs will highlight US consumer strength

US PMIs will be released at 9:45 am ET

US economic calendar is light today, but there is an important milestone. Markit’s US PMI for the US will be released shortly after the equities open at 9:45 am ET.

preliminary estimate for the services PMI is expected to slide to 64.8 from 64.6 in June. Within this data, I will carefully examine orders, employment, and price pressures.

I expect a minor impact from the manufacturing PMI, but it is expected to drop to 62.0 from 62.1.

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