Manufacturing data is on tap
The theme in market moves so far is pound weakness and Canadian dollar strength in a continuation of last week's trend.
Otherwise, markets are a bit sleepy to begin the week. That will change with several manufacturing releases.
Up first is the RBC Canadian manufacturing PMI at (1330 GMT, 9:30 am ET). The prior reading was 51.1 but it's not often a big market mover.
Fifteen minutes later the final revision to the Markit US manufacturing PMI is due. The consensus is for no adjustment from the 51.4 preliminary reading.
The main release of the day is the ISM manufacturing report at 1400 GMT (10 am ET). The consensus is a rebound to 50.3 after a sharp fall to 49.4 last month.
Manufacturing isn't a big market mover at this point in the cycle but with nothing else on the agenda, it might get a bit more attention than usual.
The manufacturing data will be released alongside the August construction spending report, which is an important Q3 GDP input.
