The Institute for Supply Management's (ISM) US services index rose to 51.4 for the month of July, above expectations of 51.0, alongside positive moves in services employment and inventory. Last week, S&P Global Services PMI (Purchasing Managers' Index) came below July expectations.

The Morning Brief's Seana Smith and Brad Smith break down the data prints.

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This post was written by Luke Carberry Mogan.