Market Overview

Economic Data Scheduled For Wednesday

Economic Data Scheduled For Wednesday
  • The MBA's index of mortgage application activity for the latest week is scheduled for release at 7:00 a.m. ET.
  • The ADP national employment report for December will be released at 8:15 a.m. ET. Analysts expect an increase of 130,000 in private payrolls, versus a 307,000 gain in November.
  • US Services Purchasing Managers' Index for December is scheduled for release at 9:45 a.m. ET. The index is expected to decline to 55.3 in December versus prior month’s reading of 58.4.
  • Data on factory orders for November will be released at 10:00 a.m. ET. Factory orders are likely to increase 0.6% in November following a 1% rise in the previous month.
  • The Energy Information Administration’s weekly report on petroleum inventories is scheduled for release at 10:30 a.m. ET.
  • The Federal Open Market Committee will issue minutes of its latest meeting at 2:00 p.m. ET.

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