Analysts at TD Securities are expecting the U.S. ISM manufacturing index to stay unchanged at 51.7 (vs. mkt est. of 52.0).

• “We expect some of the major trade-related concerns to have dissipated in the short-term on the back of the US-China trade truce. This should translate into a stabilization in business sentiment and on the outlook for the sector. The message from the ISM-adjusted regional indices was mixed, with retreats in three out of the five published surveys we track.
• Other data has been also mixed, as recent firm growth in core durable goods orders suggest some upside, while a weak Markit PMI survey increases the odds for a downside surprise in July.”