In the US, the manufacturing ISM index and ADP employment change figures for September are released along with August construction spending. The ISM index has risen strongly since the start of the year in line with the pickup in US activity. However, our global team expect the index to edge downwards from 59.0 in August to 58.9. Following Augustís smaller-than-expected payroll gain, which helped persuade the FOMC to maintain its forward guidance, the ADP figures are likely to garner more attention than normal ahead of Fridayís September payrolls data. Finally, monthly construction spending is set to slow a little from last monthís 2-year high of 1.8% m/m.
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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