Previewing Tomorrow's Economic Numbers

Tomorrow has quite a few economic releases, most notably the ADP ADP Employment report for the month of January. At 7:00 a.m., the MBA Mortgage Purchase Index for the week ending January 28 will be released. The reading is expected to come in at -12.9%. At 7:30, Challenger Job Cuts for the month of January will be released. At 8:15, the ADP report is expected to be released. Economists expect a reading of 145,000. Last month, the December report showed a 297,000 increase in payrolls. At 10:30, crude inventories will be released for the week ending January 29.