Manufacturing Activity Looks to Rebound as Demand Shifts Back from Services

Manufacturing activity expected to improve as sector rebounds from consumer shift to services. Closely-watched PMIs due to gauge recovery traction.

Recent uptick in global manufacturing index spurred hopes of turning point after broad decline in goods demand.

Still under pressure, US factory production fell in January, first decline in 3 months. S&P Global's February index seen near stagnation.

Fed, ECB to publish January meeting minutes. European finance ministers to meet.

Central banks in Turkey, South Korea, Indonesia expected to leave rates unchanged.