The ADP jobs report is due tonight at 21:15, putting financial markets to the test once again
With the United States now on standard time, the U.S. ADP employment report will be released at 21:15 Beijing time. Markets generally expect ADP to report around 70,000 new jobs in October, down from the previous month. The data will affect market pricing for a Fed rate hike in December and could trigger sharp moves in the dollar, U.S. stocks, gold and other assets.
With the United States now on standard time, the U.S. ADP employment report will be released at 21:15 Beijing time. Markets generally expect ADP to report around 70,000 new jobs in October, down from the previous month. The data will affect market pricing for a Fed rate hike in December and could trigger sharp moves in the dollar, U.S. stocks, gold and other assets.