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U.S. Day Ahead: Road to U.S. jobs report starts with ADP

Tuesday, July 02, 2013 - 02:03

July 2 - The ADP National Employment report is expected to show private employers added 160,000 jobs to their payrolls in June. The Labor Department’s monthly jobs report is due on Friday.

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Here -- three -- -- heavily into the July 4 last holiday at number three let's start up the drug stores. Walgreen and Rite Aid the number one and number three US drugstores respectively. Post their June sales numbers. Both companies generate most of their revenue for prescription drug sales. The two drugstores are seeing -- under pressure as consumers are choosing more cheaper generic drugs. This means lower top line revenues even the generic drugs have higher profit margins. Citigroup has just cut its price target for -- to 52 dollars from 59 dollars rating it's still up by. Goldman Sachs reiterated its rating at neutral -- Friday. Next lots of economic data or you the Commerce Department issues its report on the international trade deficit from day. I've. It would be the largest trade imbalance since February this year. Also out our initial jobless claims which are pay to come in at 345000. Down 1000 from the week before. And BI SM report on the circus that sector should show a steady growth for June. Your top story is ADP national employment report out at 8:15 in the morning. This data comes two days before it more comprehensive Labor Department's monthly jobs report on Friday which looks at both public and private sector employment. Investors will be looking at the ADP numbers for guidance on Friday's report which shall feed into the Fed's tapering discussion. I've. 160000. Jobs to their payrolls in June a boost a 25000. From day. Remember the stock market closed about 1 PM and the bond market closes at 2 PM ahead of the July 4 holiday. Follow us on Twitter at Reuters Insider and get more videos and Reuters dot com slash writers TV. I'm just were not bad it is Reuters.

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U.S. Day Ahead: Road to U.S. jobs report starts with ADP

Tuesday, July 02, 2013 - 02:03