US: All eyes on preliminary Markit PMI manufacturing index – Danske Bank

Research Team at Danske Bank, suggests that today, we get the preliminary Markit PMI manufacturing index for August for the US.

Key Quotes

“In July, the index climbed to its highest level since October 2015, indicating that the manufacturing cycle has turned since the low of early 2016. The ISM manufacturing index tells the same story. The PMI new orders index rose in July, indicating that the overall index has increased in August. We do not see the index climbing further rather expect it to stay around the current level.

We will also see new homes sales data from the US this afternoon.”