The report of factory orders registered a decrease in February of 0.8%, a retracement greater than expected, which was 0.5%. In January they rose 2.7% (revised from 2.6%). It is the first negative reading since April 2020.
At the same time, there was a rise to record levels in the non-manufacturing ISM in March and previously an upward revision of the integrated and services PMI Markit. The data continued to push stocks higher and the dollar lower. Wednesday will be one of the key days in terms of data with the minutes of the last meeting of the Federal Reserve.
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