Manufacturing PMI, ISM data to shape market sentiment Monday

As traders approach another pivotal day for financial markets, a series of crucial economic data releases that could sway market dynamics are expected on Monday, December 2, 2024. The spotlight will be on manufacturing sector health, with the Manufacturing PMI and ISM Manufacturing PMI taking center stage. These reports will provide valuable insights into the state of the U.S. economy and potentially influence Federal Reserve policy decisions.

Major Economic Events to Watch

• 9:45 AM ET – Manufacturing PMI (Nov): A key indicator of manufacturing sector activity, forecast at 48.8, previous 48.5.

• 10:00 AM ET – ISM Manufacturing PMI (Nov): A comprehensive measure of the manufacturing industry, forecast at 47.5, previous 46.5.

Other Important Economic Events to Watch

• 10:00 AM ET – ISM Manufacturing Employment (Nov): Gauges employment trends in the manufacturing sector, previous 44.4.

• 10:00 AM ET – ISM Manufacturing Prices (Nov): Indicates inflationary pressures in manufacturing, previous 54.8.

• 10:00 AM ET – Construction Spending (MoM) (Oct): Measures changes in construction expenditure, forecast 0.2%, previous 0.1%.

• 3:15 PM ET – Fed Waller Speaks: Federal Reserve Governor Christopher Waller to deliver remarks.

• 3:30 PM ET – CFTC S&P 500 Speculative Positions: Provides insight into market sentiment, previous 34.9K.

• 3:30 PM ET – CFTC Nasdaq 100 Speculative Positions: Indicates speculative activity in tech stocks, previous 19.8K.

• 3:30 PM ET – CFTC Gold Speculative Positions: Reflects investor sentiment in gold markets, previous 234.4K.

• 3:30 PM ET – CFTC Crude Oil Speculative Positions: Shows speculative interest in oil markets, previous 193.9K.

• 4:30 PM ET – FOMC Member Williams Speaks: New York Fed President John Williams to deliver speech.

Other Economic Events to Watch

• 10:00 AM ET – ISM Manufacturing New Orders Index (Nov): Indicates future production trends, previous 47.1.

• 11:30 AM ET – 3-Month Bill Auction: Treasury bill auction results, previous yield 4.415%.

• 11:30 AM ET – 6-Month Bill Auction: Treasury bill auction results, previous yield 4.340%.

• 3:30 PM ET – CFTC Aluminium Speculative Net Positions: Reflects speculative interest in aluminum, previous 3.1K.

• 3:30 PM ET – CFTC Copper Speculative Positions: Shows speculative activity in copper markets, previous 15.4K.

• 3:30 PM ET – CFTC Silver Speculative Positions: Indicates investor sentiment in silver markets, previous 46.3K.

• 3:30 PM ET – CFTC Natural Gas Speculative Positions: Reflects speculative interest in natural gas, previous -161.0K.

• 3:30 PM ET – CFTC Wheat Speculative Positions: Shows speculative activity in wheat markets, previous -46.0K.

• 3:30 PM ET – CFTC Corn Speculative Positions: Indicates speculative interest in corn markets, previous 163.3K.

• 3:30 PM ET – CFTC Soybeans Speculative Positions: Reflects speculative activity in soybean markets, previous -86.3K.

For further information and the latest updates, please refer to our Economic Calendar, here.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.