Here comes ISM manufacturing ...

At the top of the hour, we'll get the latest reading on US manufacturing from the Institute of Supply Management.

Economists estimate that the index rose to 53.2 in June from 52.8 in May, according to Bloomberg.

In a note previewing the economy this week, Credit Suisse wrote: "With global growth momentum currently rebounding, we anticipate ISM to continue to accelerate going into the summer. The new orders index, which tends to lead the headline number, printed a robust 55.8 last month. And although regional surveys have been mixed the general trend is clearly positive. Auto production schedules are also pointing to a strong pickup in June."

We'll be back with the details once they cross.

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