The Institute for Supply Management (ISM) reported manufacturing activity to have shrunk by less than forecasted for November. ISM's manufacturing purchasing managers' index (PMI) rose to 48.4 in November, above expectations and up by 1.9 from October's 46.5 reading.

To watch more expert insights and analysis on the latest market action, check out more Catalysts here.

This post was written by Luke Carberry Mogan.