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US PMI data better than expected on balance-Dow Jones extends gains above 44k

The flash US November PMI data has just hit the screens. The services index was forecast to remain at 55, it has risen to 57. The manufacturing index was forecast to rise to around 49, from 48.5, it has risen to 48.8, which was more of less in line with forecasts. Prior to these releases, the US stock markets had opened higher and the Dow Jones was rising well above 44k. The index opened officially today at 43,871 and lifted almost vertically to 44,153 ahead of this PMI data. The USD/JPY has just now spiked close to the 155 handle, as it reacts positively to the data and the Dow Jones has risen to session highs right now at 44,180
 

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