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Following Mixed signals from today s data, ECB slightly dovish, SARB s hawkishness fades, AMC tumblesANALYSIS | 7/23/2021 6:01:48 PM GMT US stocks are rising after another round of solid earnings, improving optimism that an infrastructure deal will get done next week, and mixed PMI readings that are still robust.  Stocks were unfazed by the drop with the US services PMI, which could mainly be attributed to the labor shortage problem that is not showing any immediate signs of improving.  Overall, the US flash PMI reads show manufacturing is very strong as private sector activity booms.  The headline flash manufacturing index rallied to a record high at 63.1, better than the 62.0 consensus estimate, while services fell to a 5-month low at 59.8, well short of the eyed 64.5 economists forecast.      

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