On Tuesday market watchers digested several economic data releases including the US employment cost index, employment cost wages and Chicago PMI. Today, all eyes will be on the latest manufacturing employment subindex from the Institute for Supply Management (ISM).
In the previous data release, the subindex increased to 51.40 points from 48.40 in December, which was its highest reading in four months. Markets expect that number to edge down slightly to 51 in today’s release.
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