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US: ISM manufacturing expected to edge lower in November - TDS

In view of analysts at TDS, US ISM manufacturing is expected to edge lower in November by both TD and the wider market.

Key Quotes

“TD looks for the index to slip to 57.9 from 58.7 (consensus: 58.3), reflecting some give-back as the hurricane effects fade.”

“Construction spending for October will be released simultaneously and the market looks for a 0.5% m/m increase. November vehicle sales will be released throughout the day and TD looks for sales to slow to an annualized 17.3m units, slightly below the market consensus for 17.5m. We are also scheduled to hear from several Fed speakers including Bullard, Kaplan, Harker and Quarles.”

WTI around session tops, just below $58.00

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