US ISM nonmanufacturing index to post a modest rebound to 55.3 - TDS

Research Team at TDS, suggests that in today’s US session, the ISM Nonmanufacturing Index is the only noteworthy release on the data calendar.

Key Quotes

“TD expects the PMI to post a modest rebound to 55.3 in November following an improvement in regional surveys and Markit Services PMI. This would leave the index firmly in expansionary territory and suggests a healthy momentum in the services sector heading into the year’s end. Looking to the Fed, we are scheduled to hear from Dudley (voter), Evans (2017 voter) and Bullard (voter) who will be the last speakers before the blackout period commences.”