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US: September ISM manufacturing index in focus - TDS

FXStreet (Delhi) - Prashant Newnaha, Rates Strategist at TD Securities, suggests that in US, investors focus will shift on the September month’s ISM manufacturing index ahead of Friday’s payrolls, with stark deterioration in regional manufacturing indicators leading us to lower our forecast to 50.0 (market at 50.6) and cite downside risks.
Key Quotes

“Other data is unlikely to move markets, with August construction spending set to rise 0.6%, September vehicle sales expected to slip to 17.4mn from 17.7mn, and weekly jobless claims likely to edge higher to 276k from 267k. Fed’s Lockhart (neutral, voter) and Williams (dove, voter) will make remarks and Treasury will announce next week’s $58bn 3s, 10s, and 30s auction series.”

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