The markets look to a new trading week with data from the U.S. dominated by the Friday’s payrolls report.

Still a busy week from the U.S. will see the release of the U.S. durable goods orders due on Monday.

This is later followed by the factory orders. Factory orders in the U.S. are forecast to rise 0.3%, slower than 1.4% increase seen the month before.

Later in the week, the trade balance data will provide a glimpse into how the GDP for the fourth quarter will turn out to be.

Traders will be focusing on the Markit’s services PMI and the ISM’s non-manufacturing PMI numbers. The ISM’s non-manufacturing report is expected to show that the index fell one full point to 59 in November, down from 60.1 in the previous month.

ADP data to set the tone for Friday’s payrolls report

The pace of the economic data picks up steam with Wednesday’s ADP report coming out. The private payroll firm is expected to report the employment change at 175k jobs during the month of November.

This is slightly lower than the 235k jobs that were registered during the previous month. The ADP data is likely to set the tone for Friday’s payrolls report.

The November payrolls data is expected to show a modest pace of increase.

The U.S. economy is expected to have added 198k jobs during the month of November.

This is lower than October’s print of 261k jobs. The U.S. unemployment rate is expected to remain steady at 4.1% while wages are expected to rise 0.3% during the month.