June 3 – Welcome to the home for real-time coverage of
markets brought to you by Reuters reporters. You can share your
thoughts with us at markets.research@thomsonreuters.com
FINAL POINTERS FOR U.S. PAYROLLS CLUES, WATCH OIL (0638 GMT)
There’s plenty of data for markets to chew over on Thursday,
with a weekly U.S. unemployment report and May private payrolls
data in focus ahead of Friday’s closely-watched jobs report.
U.S. ADP payrolls – sometimes a litmus test for the broader
non-farm figures – are expected to show a gain of 650,000 jobs
when the data is released at 1215 GMT, a slowdown from a rise of
742,000 in the previous month.
In addition to that, the final composite Purchasing Managers
Index (PMI) for a slew of major economies are due out and also
likely to be scrutinised for signs of inflation.
A degree of caution ahead of Friday’s U.S. jobs data appears
to be setting in with Asian stocks holding below a recent
three-month high. European and U.S. stock futures were trading
just a tad higher.
The dollar too is sticking to familiar ground against other
major currencies before Friday’s…
