HERE COMES ISM MANUFACTURING...

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playmobil factory

REUTERS/Darrin Zammit Lupi

At 10:00 a.m. ET, we'll get the May ISM manufacturing report.

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Economists estimate this index climbed to 55.5 in May from 54.9 in April.

"Regional manufacturing surveys all remained in expansion territory in May and manufacturing capacity utilization has also been trending upward," said Wells Fargo's John Silvia. "We expect ISM manufacturing to continue to improve in May and gradually edge higher in the coming months."

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