US: Amidst politics manufacturing to take centre stage today - Rabobank
|Analysts at Rabobank point out that today in the US, the Democrats officially take control of the House where they are likely to elect Nancy Pelosi as the Speaker.
Key Quotes
“One of the most urgent tasks is to end the government shutdown.”
“The fresh set of US data includes the ISM manufacturing index expected to edge lower to 57.5 in December from 59.3 in November. While this would be still a solid pace of expansion, the underlying trend is likely to soften throughout 2019 as the impact of tax cuts on domestic demand fades and external headwinds dominated by the US-China trade conflict potentially intensify.”
“The ADP report should confirm that the labour market is still solid with private payrolls seen rising by 180k in December.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.