US financial calendar options the ISM manufacturing survey
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US manufacturing sentiment has been poor however loads of feedback in experiences have highlighted the election as a possible catalyst. The November ISM manufacturing report noticed some enchancment however it’s nonetheless under 50 and anticipated to remain that approach within the December information with the consensus at 48.four.
Even when there’s some enchancment, there’s concern that manufacturing orders are being pushed by fears of tariffs, or stockpiling forward of potential tariffs.
In mild of that, I do not assume the 10 am ET report can be a giant market mover.
This text was written by Adam Button at www.ubaidahsan.com.
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