The U.S. ISM Services PMI registered 54.0 in June, roughly in line with the 54.1 consensus and down from 54.5 in May, marking the 24th straight month of expansion. The Prices Index fell to 67.7, its lowest in four months and below its 12-month average, while the Employment Index rose to 51.2 from 47.9. New orders eased to 55.1 from 57.3, and business activity slipped to 55.4 from 57.7. All four sub-indexes remained in expansion territory and above their 12-month averages.