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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US DATA
- ADP employment came in softer than expected at 177k (cons 195k) in August. Recall it follows two months of large overshoots of private payrolls growth for June and July.
- There is however some confusion on revisions. The ADP press release notes that “the July total of jobs added was revised from 324,000 to 371,000”, a figure picked up by wires, although its own data available on the ADP website show what would be a downward revision to 312k.
- From the press release: "This month's numbers are consistent with the pace of job creation before the pandemic."
- Private payrolls consensus prior to the report was seen at 148k.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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