Markets

ISM is key event on the calendar

The Institute of Supply Management's non-manufacturing index is the only U.S. economic report on today's calendar.

Forecasters predict a reading of 55, down from 55.2 in January. A weaker number may hurt sentiment, while a stronger one could draw buyers to the market. Numbers above 50 indicate expansion, but those below 50 mean that activity is shrinking.

Germany, France, and the broader Eurozone will issue similar data early in the morning, which could move markets while most U.S. traders are still asleep.

The agenda gets more interesting tomorrow with the start of monthly employment data from ADP, followed by same-store sales on Thursday and non-farm payrolls on Friday.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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