Today US ADP Non-Farm Employment Change is the major event on calendar . Here is an outlook on the market movers awaiting us.
In the US, ADP Non-Farm Employment Change measuring the estimated change in the number of employed people during the previous month, excluding the farming industry and government grew more than expected with 297,000 additional jobs while analysts expected 101,000 rise. A lower figure of 148,000 is expected now..Later in the US, Crude Oil Inventories measures the number of barrels of crude oil held in inventory by commercial firms. This weekly indicator of inflation and growth grew to 4.8M last week while forecases indicated 0.9M. 2.4M is estimated now..In Great Britain, The price of homes financed by HBOS or the Halifax HPI dropped by 1.3% in January. This was more than the 0.3% drop analysts had expected. A small drop of 0.1% is predicted now.
