ISM Manufacturing PMI coming up - TDS

Analysts at TD Securities noted that the key data releases for the US next besides nonfarm payrolls, coming as ISM Manufacturing PMI (Feb).

Key Quotes:

"The US manufacturing sector remains on the back foot, as the headwinds from the strong dollar, weak global demand and low energy prices continues to bear down on the sector.

We see roughly balanced risks, but if our downside risk to non-manufacturing ISM materializes, there will be increased concern over the "catch up" of the services sector to weak manufacturing."