US: ADP employment and ISM Non-manufacturing data in limelight – Danske Bank

Analysts at Danske Bank suggest that ADP employment and ISM Non-manufacturing data releases will be eyed in today’s US session by investors ahead of tomorrow’s all-important NFP report.

Key Quotes

“Ahead of the US jobs report for June tomorrow, the corresponding ADP report is due out at 14:15 CET, which, however, has overestimated actual employment growth in recent months. We estimate non-farm payrolls rose 180,000 in June.”

“US ISM non-manufacturing index is due out today at 16:00 and will shed light on growth in the service sector. ISM non-manufacturing is relatively high at the moment, suggesting the service sector is continuing to grow.”