S+P 500 futures taking no chances with the US PMI data this afternoon

Just after the US stock markets reopen, at 2.45pm GMT we will get the same November flash PMI data we had from France, Germany, the UK and the Eurozone this morning. That is on services, manufacturing and the composite reading between the two. You saw how the markets in Europe reacted to that earlier today, so there is a risk of similar disappointment, if the US data replicates that. However, the markets are not expecting such weak US data. The service sector PMI is forecast to show an identical reading of 55 and manufacturing is expected to improve, to around 49, from 48.5. Ahead of this the US futures are certainly not making much progress and only the Dow Jones is right now pricing a very slight higher opening. The Nasdaq 100 is slightly in the red right now and the S+P 500 is hovering just below where it closed last night, at 5,948.71, after trading a range covered by 5,887 to 5,963. There will be no US stock market opening update here. An update will follow once that PMI data hits the screens, shortly after 2.45pm GMT