Important Economic Release After the Open

September 6, 2023
Author: Peter Stolcers, Founder of OneOption

Over 80% of our economic activity is tied to the services sector. A weak number could spark more selling and it will be released 30 minutes after the open.

PRE-OPEN MARKET COMMENTS WEDNESDAY – There was not a lot of news overnight. Services PMIs were a little “light” across the globe. The bearish reaction to a “Goldilocks” jobs report and follow through yesterday and this morning reminds us that sellers are never far away. Global markets were down a little and there are stagflation fears in Europe.

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