Classical Wednesday

On the economic calendar:-

07:00 MBA Purchase Applications

08:15 ADP Employment Report (Consensus 125 K v Prior 158 K)

08 :30 Productivity and Costs

10:00 Factory Orders (Consensus -0.1% v Prior 4.8%)

          ISM Non-Mfg Index (Consensus 53.6 v Prior 54.2)

10:30 EIA Petroleum Status Report

Operation Twist:-

10:15 - 11:00 Fed Outright Treasury Coupon Purchases up to $5.25 billion

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