Analysts at TD Securities are expecting the U.S. ISM manufacturing index to continue to recover in November, rising to 49.2 from 48.3 given recent optimism on trade discussions and the firming of some regional surveys, including Chicago and Philadelphia.

• “On the contrary, and largely reflecting a recent moderation in consumer spending, we look for a modest decline in the non-manufacturing index to a still firm 54.5 following last month's 2pt gain to 54.7.”