US ISM manufacturing amongst market movers today – Danske Bank

Analysts at Danske Bank suggest that markets focus today is likely to remain on risk sentiment after sharp moves in equities and currencies overnight, with main calendar events being US ISM manufacturing and the Norwegian unemployment rate.

Key Quotes

“In the US, ISM manufacturing is expected to fall back slightly to 57.5, still indicating strong growth in the US economy. Trade tensions have yet to show a significant impact on the US economy, however early signs may have emerged already after the lower Apple sales estimates were attributed mainly to lower Chinese purchases.”

“In Norway, we expect the jobless rate to land at 4.0%.”

“We also get Danish FX reserves today, which may very well indicate an end to the 20-month streak with no intervention.”