Daily digest market movers ISM kicks off packed week

In a televised interview over the weekend, French Finance Minister Antoine Armand said on Bloomberg television that the French government will not be held hostage by the far-right party of Marine Le Pen. By pushing back on the additional demands from the National Rally party, the French government could fall as a no-confidence vote will get enough votes if Marine Le Pen’s party backs the vote with its majority. 

At 14:45 GMT, S&P Global will release the final reading for November of its Manufacturing Purchase Managers Index (PMI) survey. The expectation is for a steady 48.8, unchanged from the preliminary reading.

Near 15:00 GMT, the Institute for Supply Management (ISM) will release its November PMI data for the Manufacturing Sector. The headline PMI is set to tick up to 47.5, from 46.5, but still stuck in contraction territory. The Prices Paid index, a leading indicator of inflation, is expected to tick up to 55.2 from 54.8. 

Near 20:15 GMT, Federal Reserve Governor Christopher Waller delivers a speech about the US economic outlook at the American Institute for Economic Research Monetary Conference in Washington DC.

At 21:30 GMT, Federal Reserve Bank of New York President John Williams delivers keynote remarks and participates in a Q&A session at an event organized by the Queens Chamber of Commerce in New York.