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The June ISM Non-Manufacturing PMI came in at 54, essentially unchanged from the previous month, remaining in expansion territory. This indicates that the overall momentum of the US service sector remains stable, serving as the core support for the current economy. Breaking down the sub-indices:Price Index 67.7 → A significant decline, indicating easing cost and pricing pressures on the service sector.New Orders 55.1 → A slight decline but still expanding, indicating that demand has not weakened but has slowed marginally.Employment Index 51.2 → Returned to expansion territory, indicating that companies have not significantly laid off employees.For the market, this combination typically corresponds to two changes in expectations:First, marginal easing of sticky inflationary pressures (especially in the service sector); second, the economy remains resilient but no longer supports a narrative of accelerated growth, moving closer to moderate expansion.

US President Trump: (Regarding the Russia-Ukraine conflict) I think we are getting closer and closer (to ending the conflict).

US President Trump: Will discuss Russia-Ukraine issue with NATO.

US President Trump: (Regarding the Russia-Ukraine conflict) We are negotiating to see if we can end this war.

US President Trump: Putin is feeling the pressure.

According to the Financial Times, Germany will borrow 800 billion euros for a historic military overhaul.

The U.S. ISM non-manufacturing supplier deliveries index for June was 54.4, compared to 55.2 in the previous month.

The U.S. ISM non-manufacturing inventory index for June was 51.2, compared to 62.5 in the previous month.

The U.S. global supply chain stress index in June was 1.25, the previous value was revised from 1.77 to 1.81.

The U.S. Conference Board Employment Trends Index for June was 106.69, compared to 107.01 in June.

The U.S. ISM non-manufacturing price index for June was 67.7, compared to 71.3 in the previous month.

The Nasdaq extended its gains to 1% after Trump said the market would soar.

The US June ISM non-manufacturing PMI and the global supply chain stress index will be released in ten minutes.

The final value of the S&P Global Composite PMI in the United States in June was 51.9, compared with the previous value of 52.2.

The final value of the S&P Global Services PMI in the United States in June was 51.2, compared with the previous value of 51.3.

U.S. President Trump praised the CEO of Intercontinental Exchange and the heads of the New York Stock Exchange and Nasdaq.

[Bessant: The "Trump Account" will enable the next generation to share the "American Dream"] U.S. Treasury Secretary Bessant said in a speech in the Oval Office of the White House that the "Trump Account" - a tax-advantaged savings account for children under the age of 18 - will provide the next generation with the necessary economic foundation to enable them to share the "American Dream." “The ‘American Dream’ belongs to every child; today, through the ‘Trump Account’, we give the next generation a right so that they can get their own share of the ‘American Dream’, "Our president is creating an 'ownership economy' - an economic model in which all citizens become shareholders," he continued before inviting Trump to speak. "Currently, 6 million American children have signed up for this account." "

US President Trump: Discussions with Congress about a type of account for adults are ongoing.

US President Trump: Companies are investing in the US because of tariffs.

US President Trump: Treasury Secretary Bessant did a great job.