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Will The US ISM Report Meet Expectations?

By Danske MarketsMarket OverviewSep 02, 2014 03:50AM ET
www.investing.com/analysis/will-the-us-ism-report-meet-expectations-224460
Will The US ISM Report Meet Expectations?
By Danske Markets   |  Sep 02, 2014 03:50AM ET
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Focus will be on the US ISM report. Last month's report came out very strong, reaching a three-year high level of 57.1. Comments were decent, although a weak European market and the geopolitical tension present some risk. On the other hand, a very high order-inventory balance suggests that the ISM index could maintain its high level. Overall, we expect the ISM to adjust slightly downward to 56.7, which is still a very high level.

Danmarks Nationalbank (DN) is set to publish August currency reserve figures, which will be particularly interesting given the recent decline in EUR/DKK below 7.45 - a level where we expect DN to start to react in order to curb krone appreciation.

Otherwise we have a thin calendar and markets could be in a wait-and-see mode ahead of the ECB meeting on Thursday and the US labour market report on Friday.

To Read the Entire Report Please Click on the pdf File Below

Will The US ISM Report Meet Expectations?
 

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Will The US ISM Report Meet Expectations?

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