US non-manufacturing ISM Index should retrace part of the prior month’s decline – BMO CM

Sal Guatieri, Senior Economist at BMO Capital Markets, suggests that the US ISM nonmanufacturing index will be the focus in today’s session.

Key Quotes

“Benefitting from a post-election bounce, the nonmanufacturing ISM Index should retrace part of the prior month’s decline and increase to 55.5 in November, indicating moderately healthy GDP growth. Solid consumer spending, vibrant housing markets and an upturn in oil drilling should lead the advance.”