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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.”

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