PMI Services Flash: U.S Flash Markit Services PMI increased to 55.1 in January 2017 from 53.9 in December 2016. The market expectations was 54.4. In addition, it is the highest level since November of 2015. The increase was provided by a robust expansion of business activity and an increase in incoming new work. Also, employment continued to increase, and firms reported the strongest business outlook for just under two years.
Jobless Claims: For the January 21 week, initial claims jumped 22,000 to 259,000. The forecast was 246,000. Also, the 4-week average moved slightly lower to 245,500.
New Home Sales: U.S New Home Sales decreased to 536,000 in December 2016 from 598,000 in November 2016. The consensus was 593,000.