ISM non-manufacturing and factory orders up next

Three reports are due at the top of the hour:

  • ISM non-manufacturing
  • Factory orders
  • Canadian Ivey PMI

It's safe to ignore the Ivey data, it's never a market mover any more.

Factory orders is an interesting one but it will be overshadowed by the ISM numbers. The consensus is for a 57.6 reading, an uptick from 57.4 previously. Watch the sub-indexes as well. Here is the previous report.