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4 Feb 2015
US Services sector and labour market in the limelight – UOB Group
FXStreet (Edinburgh) - Analysts at UOB Group remarked the significant releases in the US docket today, all preceding the more significant Payrolls due on Friday.
Key Quotes
“In the US, the ADP employment report will help markets refine their forecasts for Friday’s payrolls survey”.
“The consensus is for a slightly slower 220k gains this month from 241k in December”.
“January final Markit services PMI will be released ahead of the ISM non-manufacturing, where expectations are for a 56.4 print in January”.
“The employment component of the non-manufacturing ISM will also be of interest given that it may shed some light on the labour market”.
Key Quotes
“In the US, the ADP employment report will help markets refine their forecasts for Friday’s payrolls survey”.
“The consensus is for a slightly slower 220k gains this month from 241k in December”.
“January final Markit services PMI will be released ahead of the ISM non-manufacturing, where expectations are for a 56.4 print in January”.
“The employment component of the non-manufacturing ISM will also be of interest given that it may shed some light on the labour market”.