In currency markets, the dollar weakened amid continued uncertainty over the government shutdown. The EUR/USD pair traded close to 1.17. In commodities, crude oil prices slightly rose ahead of the OPEC+ meeting this weekend, where members agreed to increase production by 137,000 barrels per day (well below speculated figures of up to 500,000 per day).
On the data front, final September PMIs in the euro area confirmed the services sector expanded at a faster pace than in August, with the index rising from 50.5 to 51.3. In contrast, the US services sector stalled, with the ISM index dropping from 52.0 to 50.0 with weakness in the employment component of the survey.
Access today’s full report to learn more (PDF)