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Wednesday: September ADP private....>

US DATA PREVIEW
US DATA PREVIEW: Wednesday: September ADP private payrolls (190k), Q3 ECI
(0.8%), Q3 non-farm productivity (2.4%) and Oct MNI Chicago PMI (60.4, 60.4).
- Nomura economists "expect ADP to report a 170k increase in private employment
for October" and a "0.5% q-o-q increase in the employment cost index in Q3, down
from 0.8% in Q2" citing an "expected slowdown in the pace of benefits growth."

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