Day Ahead: Top 3 Things to Watch

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Investing.com – Here are three things that could rock the markets tomorrow.

1. Manufacturing Seen Ticking Higher

A measure of U.S. manufacturing activity will dominate the economic calendar tomorrow.

The Institute of Supply Management will issue its latest manufacturing purchasing managers index (PMI) at 10:00 AM ET (14:00 GMT).

The for September is expected to rise to 50.4 from 49.1 in August, according to economists’ forecasts compiled by Investing.com.

2. McCormick (NYSE:) Set to Report Results

Spice and condiment maker McCormick (NYSE:) will report earnings before the bell tomorrow.

Analysts are predicting a quarterly of $1.29 per share on sales of $1.34 billion, according to the Investing.com consensus.

The stock was downgraded to underperform from neutral last month by J.P. Morgan.

The analysts cited valuation and risks from Brexit.

The shares were down 0.3% on Monday but are up 12.25% this year.

3. API Inventories on Tap

Oil prices fell below the level they were before the attacks on Saudi Arabian oil infrastructure today.

And tomorrow there will be more data on how oil supplies are holding up in the United States.

The American Petroleum Institute will report its measure of domestic at 4:30 PM ET (20:30 GMT).

The measure, which serves as a snapshot of what the official government inventories might come in on Wednesday, showed a build of 1.4 million last week.

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