Analysts at TD Securities are forecasting a rebound in the U.S. ISM index to 50.8, as they expect easing trade tensions to have marginally boosted business sentiment in September.

• “Although the regional surveys continue to give mixed signals, the average of the ISM-adjusted versions is pointing to some improvement since August. In addition, a recent spate of stable capex orders, improving China PMIs and a firmer Markit manufacturing index also boost the odds for a positive surprise, in our view.”