US: ISM non-manufacturing to slip back 59.4 in October - TDS

Research Team at TD Securities suggest that today all eyes are on the US ISM non-manufacturing PMI.

Key Quotes

“The October index is expected by the market to slip back 59.4, partially reversing its September bounce to a post-crisis high of 61.6.”

“Risks are skewed to the downside in our view bearing in mind the downside miss in ISM manufacturing, likely on the back of rising input costs and trade tensions.”