ISM manufacturing tops the economic calendar

What’s coming up today

First of all, congratulations to the Great State of Kansas on a great game and a fantastic comeback.

The economic calendar focuses on manufacturing today starting with the Canadian Markit PMI at 1430 GMT. The US final release is 15 minutes later.

That all leads up to the 1500 GMT ISM manufacturing report. The regional numbers have been better this month so some optimism is built into the consensus of 48.5 compared to 47.2 a month earlier but even with that, risks are to the upside.

Along with that report comes December construction spending.

In any case, I don’t expect economic data to be a big factor in markets today. It’s all about coronavirus and the in Asia-Pacific trading we will get the Iowa caucus.


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