US ISM Manufacturing Index is due Wednesday - the numbers to watch ...Middle East

The ISM manufacturing index has been in contraction the last 13 monthsthe consensus expected today is 47.1it came in weaker than expected in November at 46.7Its due at 10am US Eastern time. Note the Federal Open Market Committee (FOMC) minutes are due later in the session, at 2pm.The range of estimates for the headline number is 45.6 to 48.1. A result outside of this range should prompt larger market moves:lower than 45.5 will fuel chatter of Fed rate cuts sooner and deeper, which should assist risk tradeson the other hand, a result above 48.1 will prompt chatter of cuts not coming as quickly and as deeply as expected---Goldman Sachs are looking for 46.9:reflecting the rebound in East Asian

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US ISM Manufacturing Index is due Wednesday - the numbers to watch ...Middle East

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