Financial and Commodity Previews and Analysis

Key news today includes: (1) weekly MBA mortgage applications, (2) Dec ISM manufacturing index (expected unch at 58.2, Nov -0.5 to 58.2), (3) Nov construction spending (expected +0.5%, Oct +1.4% m/m), (4) minutes of the Dec 12-13 FOMC meeting, (5) Dec total vehicle sales (expected 17.50 million, Nov 17.40 million).