Dow Jones futures still modestly in the red as US data awaits

An earlier update covered the upcoming US economic releases of note due out today. Well, the first of these is the January ADP privately sourced payroll payroll report. That is expected to show a gain of around 150k last month. That compares to the 122k rise in December. The latest weekly jobless claims might indicate this could be better than expected, but we shall see on that, at 1.15pm GMT. At 2.45pm GMT we get the same final revisions to the services and composite PMI reports we got across Europe earlier today. It is envisaged that not much change will be seen in those. Finally, at 3pm GMT we get the dish of the day and that is the January ISM service sector index. This is off course important, given that services make up the lions share of US economic output. There are components to this too, just like in the manufacturing index, on prices paid, new orders and employment. The headline number is expected to come in slightly better, at 54.3, compared to 54.1 in December. Ahead of this the Dow Jones futures are still in the red, but not quite as low as earlier and only modestly so right now. The index closed last night at 44,556. It is currently priced to reopen around 44,510