The ISM Manufacturing Index for the US is expected to tick up to 50.2 in tomorrow’s update for November vs. the previous month, based on The Capital Spectator’s average point forecast for several econometric estimates. The prediction is fractionally above the neutral 50.0 mark. The estimate still translates into a forecast for growth for this benchmark of economic activity in the US manufacturing sector, but just barely.
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Real estate investment trusts (REITs) in the US took the lead in last week’s shortened holiday trading week for the major asset classes via a set of proxy ETFs. Vanguard REIT (VNQ) climbed nearly 1.0%, a comfortable edge over last week’s number-two performer for the four trading days through Friday, Nov. 27: Vanguard Total Stock Market (VTI), which tracks US equities.
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● PMI: US service sector growth rebounds in November | Markit
● US GDPNow Q4 growth estimate slips to 1.8% | Atlanta Fed
● Eurozone eco sentiment stable as inflation expectations tick higher | Reuters
● German retail spending dips in October | RTE
● German consumer confidence slips again in Dec forecast | RTT
● Japan’s industrial output rises for 2nd month in Oct | MNI