ADP Non-Farm Payrolls: +176K – a relatively big gain in private sector jobs according to Automatic Data Processing.
Expectations stood on 103K after the initial report of +133K last month. May’s number was now revised to +136K.
EUR/USD continues falling while USD/JPY is chopping around the 80 line. Update: Follow the live blog of the ECB press conference.
This is a positive indicator for the official Non-Farm Payrolls tomorrow, but should be taken with a grain of salt. The ISM Manufacturing PMI dropped under 50 points – contraction territory. However, the employment component remained high, above 56 points, indicating strong growth.
The markets are current disregarding the ADP number, after three central banks announced easing measures: the UK, China and the euro-zone.
The ECB’s move on the deposit rate was a big shocker that sent the euro plunging.
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