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U.S. Day Ahead: ADP to confirm tepid job market

Tuesday, June 04, 2013 - 01:44

June 4 - Expect Friday's jobs report to be mediocre at best based on the latest ADP private payrolls report.

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If you're looking for more clarity on the economy and focus on ADP jobs numbers it's a key indicator of private hiring and offer a preview of Friday's report from the US Labor Department. So hard economists expect only 165000. New hires -- me that's well below the average reading since October when he was revamped. Take away expect Friday's jobs figures to look mediocre at best. There's also an important update on housing market with mortgage rates out for the bell here's -- economic and market editor and her. It's really vital that we see that interest rates for borrowers don't go too high in the last several weeks we've seen a thirty year mortgage rate rise for about three point 6% to three point 9%. The last week. If it goes to 4% or above that would be the highest in thirteen months and could begin to pose a real headwind toward the continued recovery in housing market. Investors will be picking apart the Fed's beige that survey for any clues about what and chairman Ben Bernanke might start winding down stimulus. Our experts that I -- -- -- consumer sentiment and spending are likely to bounce back with stronger vehicle chain store sales. Again don't expect much improvement in -- And finally we find out how regulators will try to reform money market funds the FCD is expected to unveil new rules for the two point six trillion dollar industry after a year of internal argument. It's another major attempt by Mary Jo White to rewrite financial regulation since becoming the new chairman. Expect some vocal opposition from companies such as fidelity or Federated Investors and JPMorgan. Follow us on Twitter at writers and tighter and get more of -- videos and Reuters dot com slash writers TV I'm Heidi mom this -- --

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U.S. Day Ahead: ADP to confirm tepid job market

Tuesday, June 04, 2013 - 01:44