The service sector is the day’s focus with both the Purchasing Managers’ Index and the Institute for Supply Management revolving higher in their last reports. PMI held on to its strong mid-month gains with a final score of 55.9 to match the February. This is up 2.6 points from January. The ISM non-manufacturing index came in at 59.5 in February following this morning’s services PMI.
Overnight, the MSCI Asia Pacific Index fell 1 percent, while Japan’s Topix index closed 0.8 percent lower as concerns over a potential trade war weighed on exporters across the region.
In Europe, the Stoxx 600 Index was 0.6 percent higher at 5:40 a.m. ET, as the measure rebounded from a one-year low reached on Friday.