Wednesday: Trade Deficit, ADP Employment, Unemployment Claims, ISM Non-Mfg Index

Wednesday:
• At 7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

• At 8:15 AM: The ADP Employment Report for June. This report is for private payrolls only (no government). The consensus is for 150,000 payroll jobs added in June, up from 27,000 added in May.

• At 8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 220 thousand initial claims, down from 227 thousand last week.

• At 8:30 AM: Trade Balance report for May from the Census Bureau. The consensus is the trade deficit to be $53.2 billion.  The U.S. trade deficit was at $50.8 Billion the previous month.

• At 10:00 AM: the ISM non-Manufacturing Index for June.   The consensus is for a reading of 55.9, down from 56.9.