Morning Bid: Plotting for payrolls

Morning Bid: Plotting for payrolls

It's been a quiet start to the month with holidays in the United States and Canada sapping liquidity ahead of a deluge of data culminating in U.S. payrolls on Friday. Wall Street and European stock futures were all little changed.

A result in line with forecasts of +165,000 and 4.2% would likely see the chance of 50 basis points recede further, though it would take an extraordinarily strong report to make markets give up on 25 basis points. Also important this week will be the ISM surveys, JOLTS job openings and ADP employment, trade and the Fed's Beige Book.

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