ADP employment report for November, final hint ahead of Friday's NFP release, was published at 1:15 pm GMT today. While the market expected US employment to increase by 200 thousand jobs, actual data turned out to be a downside surprise. Report showed an addition of just 127 thousand jobs, what is an increase two times lower than reported by NFP for October. However, as this hints that Fed may turn slightly dovish, equity markets are reacting positively to the data. US equity futures jumped to new daily highs with US500 making a break above local market geometry at 3,971 pts in a knee-jerk move. The 50-hour moving average was also tested but bulls failed to deliver a meaningful break above.
Source: xStation5
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