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.