US: ISM manufacturing and ADP employment in focus today - TDS

Analysts at TD Securities suggest that the US ISM Manufacturing is expected to edge lower in December, and they are looking for the index to decline to a below-consensus 57.3 from 59.3 (market: 58.0).

Key Quotes

“This comes on the heels of broad weakness across regional surveys, including a negative print on the Richmond Manufacturing Index.”

“ADP Employment for December will be published at 8:15 ET with the market looking for job growth to edge lower to 180k while December auto sales will round out the data flow, with consensus looking for sales to slow to a 17.2m annualized rate.”