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U.S. Day Ahead: Possible fireworks seen in June jobs report

Wednesday, July 03, 2013 - 01:27

July 3 - Positive economic data this week indicates there might be a surprise to the upside in the June jobs numbers. The report will feed into the Fed's tapering timeline.

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He'll be grilling hamburgers and the other top story is jobs on Friday. And it could be an explosive report data from earlier this week pointed to a solid jobs market with eighty. 188000. Which means that could have a nice surprise to the upside. -- FR expect nonfarm payrolls for -- To come in at a 155000. Down from 101000 in May which suggests that just recovery is intact and would likely be enough to cut the jobless rate to seven point 5%. From -- seven point 6%. Well a strong report will not spread the Fed to start tapering it would indicate a possible downward trend in the unemployment rates. A number between 171 or 9000. Will reinforce the belief at least in the marketplace that the Fed will engage in tapering. After September sometime. I think -- a number outcomes and maybe 13150. To might be a lot more questions about what the Fed will and indeed initiate tapering. After September up on May delay it till next year a very strong number eight up 200000 plus would definitely tell the marketplace and probably the fat. That tapering will begin in September. Remember all US markets are closed for the July 4 holiday. Follow us on Twitter at Reuters Insider -- get more videos ever Reuters dot com slash British TV and by the rebel yeah. This is writers.

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U.S. Day Ahead: Possible fireworks seen in June jobs report

Wednesday, July 03, 2013 - 01:27