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ISM Manufacturing in Focus Amid Market Caution

"U.S. Manufacturing: Contraction or Market Surprise in 2026?"

Global markets are turning their attention today to the release of the U.S. ISM Manufacturing PMI for December, scheduled at 5:00 PM Cairo time. Market expectations point to a reading of 48.3, slightly higher than the previous 48.2. Despite the modest improvement, the index is expected to remain below the 50 level, indicating continued contraction in the U.S. manufacturing sector. This reflects softer industrial demand and the ongoing impact of tight monetary policy on economic activity.

If the data comes in weaker than expected, the U.S. dollar may face some pressure, while safe-haven assets such as gold could find support, and equity markets may see limited volatility.
Conversely, a stronger-than-expected reading could support the dollar and U.S. Treasury yields, prompting markets to reassess monetary policy expectations for early 2026.

This report is closely watched as a leading economic indicator, offering early signals on the broader U.S. economic outlook, and serving as an important lead-in to labor market data due later this week.

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