investingLive Americas market news wrap: ISM services improves, JOLTS disappoint

The latest market news shows an improvement in the ISM services index to 54.5, while JOLTS data disappointed at 7.146M versus the expected 7.600M. This created a somewhat risk-positive market environment. Additionally, the ADP national employment report came in at 41K, below the expected 47K, raising anticipation for the upcoming non-farm payrolls report. The US dollar saw a general rise, though moves in FX were modestly sized. This was supported by the ADP figures and the strong ISM services report. However, President Trump's calls for defense companies to halt dividends and buybacks, along with suggestions regarding banning institutional ownership of single-family homes, negatively impacted market sentiments. In commodity markets, gold dropped to $4453, down $45, and WTI crude oil fell by 83 cents to $56.30. Such movements were influenced particularly by ongoing discussions around Venezuelan oil policy by the Trump administration. Overall, while the atmosphere hints at risk-on, many investors are still feeling the weight of upcoming economic indicators.