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Manufacturing reports lead calendar

David Russell (david.russell@optionmonster.com)

The economic data gets off to a quick start in 2013, with key manufacturing reports in Europe and the United States today.

Germany, France, and the Eurozone will release their purchasing managers indexes during the overnight session.

The Arizona-based Institute for Supply Management follows with its U.S. manufacturing report at 10 a.m. ET. Economists predict a reading of 50.5, up from 49.5 a month earlier. Figures over 50 indicate expansion, while those below reflect contraction.

At 2 p.m., the Federal Reserve will release the notes of its last meeting, and auto makers will report monthly sales data.

The headlines gain momentum tomorrow, with retailers issuing December same-store sales, the Labor Department issuing weekly jobless claims and ADP releasing its private-sector payroll report. The key monthly employment numbers follow before the bell on Friday.

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