Advertisements
adp gold jobs S&P 500

Let There Be Jobs Dammit! Risk Hits The Ground Running After ADP

Right out of the gate...

Right out of the gate, dammit.

On the heels of a upbeat ADP print we’re rockin’ and rollin’ early with Treasuries edging to session lows, the curve steepening and 5s30s hitting 111.78bp highs minutes after the data.

ADP

Gold dropped as futures contracts for June delivery fell as much as 0.7% to $1,249.10/oz on the Comex following the print and S&P futs popped immediately with yields and the dollar.

Gold

Banks

*******

Via Bloomberg

  • Private payrolls climbed by 263,000 (forecast was 185,000) after a 245,000 gain in February that was revised lower from initial reading of 298,000
  • Goods-producing industries, which include manufacturers and builders, increased headcounts by 82,000 after a 100,000 gain, the strongest two months in data going back to 2002

Jobs

  • Service providers boosted payrolls by 181,000 after a 145,000 increase

 

Advertisements

0 comments on “Let There Be Jobs Dammit! Risk Hits The Ground Running After ADP

Speak On It

Skip to toolbar