Wednesday: Trade Deficit, ADP Employment, ISM Services
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios.
Wednesday:
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the mortgage purchase applications index.
• At 8:15 AM, The ADP Employment Report for January. This report is for private payrolls only (no government). The consensus is for 150,000 payroll jobs added in January, up from 122,000 added in December.
• At 8:30 AM, Trade Balance report for December from the Census Bureau. The consensus is the trade deficit to be $87.0 billion. The U.S. trade deficit was at $78.2 billion in November.
• At 10:00 AM, ISM Services Index for January.
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