US ADP employment data for August will be released tonight at 20:15. The market expects an increase of 48,000 jobs, down from the previous 44,000. As the first employment report after the hawkish remarks from the Fed, can the “mini nonfarm payrolls” confirm the resilience of the labor market and add more ammunition to expectations of further rate hikes?
At present, the S&P $SPY and the Nasdaq $QQQ are slightly lower before the open, gold $XAU is edging up, and crude oil has started to dip slightly.