Initial Guidance | 5 January 2016

● US ISM Mfg Index in Dec falls to lowest level since 2009 | Bloomberg
● US Mfg PMI: Weakest growth in manufacturing in Dec since 2012 | Markit
● Global Mfg PMI: Output inches lower in Dec, virtually unchanged | Markit
● US construction spending dips in Nov, but still rising in YoY terms | MarketWatch
● US consumer spending ticks up in Dec, at multi-year high | Gallup
● German unemployment falls more than expected in Dec | Reuters
● New Saudi-Iran crisis threatens wider escalation | Reuters