Tuesday, February 01, 2005

 

ISM on the weak side (56.4 vs 57e)

Last revised down to 57.3 from 58.6. This one a bit worse than expected, despite very strong rebound in employment factor (58 vs 53 last). Markets still strong: stoxx futures 3004, SP500 futures 1184.

Manpower's report in line but weak margins in France and weak Q1 guidance. Adecco a bit weak on MAN's numbers.
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