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US - The Day Ahead

(RTTNews) - Tuesday, a slew of reports are lined up for release for the rest of the day, of which the FOMC minutes is the most important.

At 10 am ET, the Institute for Supply Management's non- manufacturing index for December is due. The reading is expected to fall to 36.5 from 37.3.

Elsewhere, the Commerce Department is set to release the factory orders data for November. A 2.3% slump is forecast, after the 5.1% decline previously.

At the same time, the National Association of Realtors is scheduled to release the November pending home sales data, which is expected to show a 1% fall after the 0.7% drop in October.

Thereafter, the Federal Open Market Committee minutes of the December 15-16 meeting is due at 2 pm ET. This is the session at which the Fed decided to slash its key interest rate to a range between zero and 0.25% -- the lowest level on record.

Later, the ABC consumer confidence data is slated at 5 pm ET. The previous reading was minus 49.

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