The Day Ahead US ISM Services and the ADP employment report

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Key data today includes US ISM Services and the ADP employment report, alongside US industrial production, import/export prices and capacity utilisation. China releases its November services PMI. In Europe, focus is on Italy’s services PMI, Eurozone October PPI, UK official reserves and Swiss November CPI. Canada reports Q3 labour productivity, while Australia publishes Q3 GDP.

Central bank speakers include ECB President Lagarde and Chief Economist Lane, plus BoE’s Mann.

Major earnings are due from Salesforce, Snowflake, Inditex, Macy’s, Dollar Tree and Royal Bank of Canada.

Geopolitical focus remains on the NATO foreign affairs ministers’ meeting.

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