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HERE COMES FLASH US MANUFACTURING DATA...

Rob WileFeb 20, 2014, 19:18 IST

Wikimedia CommonsWhite-hot steel pours like water from a 35-ton electric furnace, Allegheny Ludlum Steel Corp., Brackenridge, Pa.

Markit will release its purchasing manager's index for U.S. manufacturing just before 9 a.m. eastern.

Consensus expectations is for a reading of 53.6, down a tick from 53.7 last year.

The big news today was that flash China PMI came in below expectations, showing worsening contraction and tanking global markets.

We've been getting some shaky U.S. data recently, so a nasty figure here could exacerbate the picture.

You can catch the release when it goes live here »