Manufacturing and construction are on the data docket

Market and ISM manufacturing along with construction spending next

Is today the day the market starts to refocus on economic data and the Fed and give it a break on politics?

Doubtful it will last long but it"s a busy calendar for the next few hours.

Up first, the Markit Canadian manufacturing PMI for January is due. The prior was 51.8. USD/CAD looked to be breaking down yesterday but it"s climbed back into the range.

The it"s all about the US with the final look at the Markit PMI at 1445 GMT (9:45 am ET). The preliminary report was 55.1. That"s followed 15 minutes later by the ISM manufacturing report at 1500 GMT. The consensus is for an improvement to 55.0 from 54.7.

Looking at the regional numbers, the Philly and Richmond surveys were strong but the Chicago PMI was at 50.3 compared to 55.0 expected.

Released at the same time, the December construction spending report is expected to rise 0.2%. Look for revisions to Q4 GDP estimates if there is a miss.

Auto sales data is also trickling out.

Manufacturing and construction are on the data docket
Manufacturing and construction are on the data docket
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