Here comes Markit services PMI ...
The big readings on the US services sector during February are set for release this morning.
At 9:45 a.m. ET, Markit Economics will release its services purchasing manager's index (PMI), which is expected to print at 50, right on the divide between expansionary and contractionary territory, according to Bloomberg. It would be a small improvement from the prior reading of 49.8.
And then at 10 a.m., ISM's non-manufacturing composite is due, and is expected at 53.1, down from 53.5.
"This would come after three months of falls in the index," Societe Generale's Michala Marcussen wrote in a morning note. "Recent woes in manufacturing have had some spillover to the services sector but we believe that the worst has passed."
We'll have the latest as the data roll in, so be sure to refresh this page for updates.