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Equities Lower After Disappointing ADP Employment

Equities pull backed from session highes after ADP Employment for Feb. came in at -23k, well below expectations of a 18k increase. Dow futures were up nearly 60 points but have since pulled back and are up only 20 now.

EUR/USD took back some of its losses off the data, moving back above 1.52. A slightly higher-than-expected Q4 Final Nonfarm Productivity number — 1.9% — did little for markets.

This entry was posted on Wednesday, March 5th, 2008 at 8:37 am and is filed under ADP, Market Environment, Non Farm Productivity. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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