US and European PMIs amongst market movers today – Danske Bank
Analysts at Danske Bank suggest that today is the big PMI manufacturing day as we have the preliminary November prints for euro area and the US already, but today will get the final prints.
“More exciting perhaps are the same indices for Italy, Sweden, the UK, Norway and Sweden.”
“In the US, we will also get the ISM manufacturing index for November, which we estimate fell to 58.0 from 58.7 in line with some of the regional PMIs and the fall in the US Markit PMI manufacturing index. We are still puzzled about the big gap between the Markit and ISM indices, as they are expected to show the same thing (more or less).”
“As the US Senate did not vote for the tax bill overnight, a vote could take place later today.”