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Monday: ISM Non-manufacturing.......>

US DATA PREVIEW
US DATA PREVIEW: Monday: ISM Non-manufacturing Index (60.7, 58.0); November
factory new orders (-2.1%, 0.5%); Atl Fed Pres Bostic on economic
outlook/mon-pol, in Atlanta GA, w/Q&A; $39B 13W and $36B 26W bill auctions.
- RBS economists expect the ISM survey to "signal solid momentum at end of 2018.
We look for the headline index to have remained relatively steady in December
(unlike its factory counterpart), slipping only modestly from 60.7 in November
to 59.4 (close to the year-to-date average)."
- Barclays on factory orders said "with the advance estimates for durable goods
in hand, we expect overall factory orders to move up 0.4% m/m in November. We
expect the estimates for durable components to be little revised."

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