A headline reading on December ISM of 53.9 is above expectations of 53.4. It’s also ahead of the 52.7 reading from the previous month.
Markets just took another leg up on the news.
The full report is here.
This table breaks it all down nicely.
ORIGINAL POST: The first big datapoint is here!
ISM manufacturing for December comes out at 10:00.
Analysts expect a reading of 53.4 vs. 52.7 in the previous month. Remember, anything above 50 technically counts as acceleration.
Most ISM reports that have come out today and yesterday have been solid, so generally the trend here is bullish.
The Dow is surging going into the number.