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Welcome to the new trading year. What's on the economic calendar

Fitting the manufacturing is on the calendar

Donald Trump's Presidency will ultimately be measured on his ability to bring manufacturing jobs back to the United States.

So starting the year with a handful of factory numbers is a fitting measuring stick. Up first is the final US manufacturing index from Markit at 1445 GMT. The consensus is for 54.2, which was the same as the preliminary reading.

The big number of the day comes 15 minutes later when ISM manufacturing for December is expected to tick higher to 53.7 from 53.2. At the same time, the November construction spending report is forecast to rise 0.5% m/m.

The other measure of Trump's policies will be whether it sparks a beggar-thy-neighbor trade war. That's why Canadian manufacturing performance is another data point to watch. It starts with the RBC Canadian PMI at 1430 GMT. The prior reading was 51.5.

See the economic calendar for more details.

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


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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