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U.S. Morning Call: Fireworks on Wall Street ahead of jobs

Friday, Jul 05, 2013 - 02:11

July 5 - Employers are expected to have added 165,000 new jobs in June and the unemployment rate could drop to 7.5 percent

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Fireworks today jobs here's your Friday morning call. If there's no reading your ears from last night's fireworks that noise around today's jobs number may give it to you. Consensus is that job growth may be just a tad slower than May's level of 175000. Although eighty PCs 188000. Private sector jobs were created. A Reuters survey of economists shows they expect employers to have added 165000. New jobs to their payrolls last month. But that's expected to be enough to drop the unemployment rate eight tenths of -- percent to seven point five. One economist says the jobs numbers could surprise to the upside. That's wells Fargo's John Silvia who offered his scenarios for potential that tapering. A number between 170 wondered 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. US stock features shooting up like bottle rockets ahead of the jobs data. Guidance from the ECB likely helping the advance the central banks saying interest rates will remain low for an extended period. But keep in mind that today could be -- traded today so if the jobs number surprises. You may see exaggerated market. That is freer Friday morning call remembered follow us on Twitter at Reuters Insider and get more great videos at Reuters dot com slash later today. I was -- part.

U.S. Morning Call: Fireworks on Wall Street ahead of jobs

Friday, Jul 05, 2013 - 02:11

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