Market movers today - Danske Bank

Danske Bank's research team provides a brief overview of today's important market moving releases - the key PMI prints. 

Key quotes:

“Today, we will get a range of PMI data across countries : in the euro area, Spanish and Italian manufacturing PMI figures for January are being released. For UK PMI manufacturing, we estimate an increase from 56.3 to 57.3, as it has decoupled from the euro area one recently.”

“In the US , focus is also on ISM manufacturing for January, and with regional PMIs having fallen, we expect ISM to decrease to 59.3 from 59.7. It is noteworthy that there remains a large gap between ISM manufacturing and PMI manufacturing.”