US ISM manufacturing index in focus today – Danske Bank

Research Team at Danske Bank, suggests that the main focus today will be on the US ISM manufacturing index for May.

Key Quotes

“Despite the stabilisation in China and a weaker US dollar, the regional surveys and the Markit manufacturing PMI index all indicate a fall and even a print below 50 cannot be ruled out. This said, the order-inventory balance is positive, suggesting that ISM will move higher. We estimate the ISM manufacturing index declined to 50.2 in May.

In Euroland, there is a string of PMI data due out and these should a large impact on the market as several will be final data.”