Economic Events on December 5, 2012

The Mortgage Bankers’ Association purchase index will be released at 7:00 AM Eastern time, providing an update on the quantity of new mortgages and refinancings closed in the last week.

At 8:15 AM Eastern time, the monthly ADP Employment Report will be released.  Investors will be watching this number to get advance notice on the state of the job market in advance of the government’s report on Friday.

At 8:30 AM Eastern time, the Productivity and Costs report for the third quarter of 2012 will be released.  The consensus is that non-farm productivity increased by 2.6% in the last quarter and labor unit costs decreased 2.3%.

At 10:00 AM Eastern time, the Factory Orders report for October will be released.  The consensus is that there was a decrease of 0.1% in orders from the previous month.

Also at 10:00 AM Eastern time, the ISM non-manufacturing index for October will be released.  The consensus estimate is that it increased by 0.5 points to a value of 53.5, and will continue to signal economic growth as it remains above the mid-point of 50.

At 10:30 AM Eastern time, the weekly Energy Information Administration Petroleum Status Report will be released, giving investors an update on oil inventories in the United States.

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