Wednesday: ADP Employment, Pending Home Sales

• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

• At 8:15 AM, The ADP Employment Report for March. This report is for private payrolls only (no government). The consensus is for 550,000 payroll jobs added in March, up from 117,000 added in February.

• At 9:45 AM, Chicago Purchasing Managers Index for March. The consensus is for a reading of 60.3, up from 59.5 in February.

• At 10:00 AM, Pending Home Sales Index for February. The consensus is for a 2.6% decrease in the index.