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Traders awaited Wed 8:15am ET.......>

US DATA PREVIEW
US DATA PREVIEW: Traders awaited Wed 8:15am ET November ADP private payrolls
data, which are preceded by the 235,000 Oct. ADP payrolls; Bloomberg survey for
ADP is for +190K with 281K whisper number.
- Traders also readied for Fri US Nov nonfarm payroll employment; MNI econ poll
had a 200K median estimate; and median ests 198K NFP private payrolls, 4.1%
jobless rate, 0.3% Avg Hourly Earning gain, 34.4 average workweek.  
- CS analysts said this week's highlights will be Fri Nov. US Employment Report
and Friday 10am ET preliminary Dec UMich Consumer Sentiment." 
- They expect "2nd strong month for payrolls growth as the recovery from
Hurricanes Harvey and Irma likely continued into Nov. We estimate the hurricane
recovery added around 125K jobs in Oct and anticipate a smaller 20-40K boost to
November employment growth. Smoothing out the weather-related noise, our
forecast is consistent with trend job gains around 160K. The unemployment rate
is likely to tick down slightly to 4.0%. Average hourly earnings disappointed in
October, and we expect a reading of just 0.1% MoM growth in Nov. This would lift
the YoY reading slightly to 2.5%."

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