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S+P 500 futures pricing a slightly higher opening ahead of US PMI data this afternoon

As mentioned much earlier today, it was a rather mixed close for the US equity markets on Friday and one where only the Dow Jones managed to post a higher close on the day. The broader market, as defined by the S+P 500 was dragged lower by underperformance in the tech sector and the Nasdaq 100. So, the S+P 500 closed 11 points lower, at 5,702.55. It is currently priced to open a little higher today, but the same PMI data we saw out of Europe and the UK earlier could have an impact. In that regard the markets are expecting mixed data, with a slight downward call on the service sector, balanced by a forecast for a slight improvement across the manufacturing sector. At 1.45pm GMT we shall have to see what actually emerges. Meantime, the S+P 500 is currently priced to reopen at around 5,713
 

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