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Light vehicle sales finished up better than the preliminary data suggested yesterday as sales advanced 1.7% on strength in domestic sales to 17.6 million units annualized.

ADP reports that private sector payrolls increased by 205,000 in January, slightly better than expectations. The official BLS or Bureau of Labor Statistics employment report is due Friday with 188,000 new jobs expected a sharp decline from the 292,000 new jobs initially reported for December.  A figure that may well see downward revision in light of the particularly weak economic data that was the hallmark of late 2015.

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