Forex | Forex | US ADP private payrolls falls 298k in Aug (03/09/2009 06:35:59)

US ADP private payrolls falls 298k in Aug

News and views Risk markets settled back to a more neutral mood from the previous day’s sombre tone. The S&P500 closed down 0.3% in a lacklustre session, although the banks’ index lost another 1.9%. Oil and copper were largely unchanged, but gold took centre stage (probably lagging the previous day’s bout of risk aversion), gaining 2.8% from the Sydney close. US 10yr treasuries rallied by 10bp, paying more attention to the consensus-disappointing ADP payrolls report and the FOMC minutes.


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