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Quite why UK investors are (apparently) obsessed with US jobs data is hard to fathom but especially so at the current time. Nevertheless, that’s where most of the market’s attention will be on Friday afternoon Private payrolls processing firm ADP revealed yesterday that the private sector added 692,000 jobs in June, above the consensus forecast of 600,000, which suggests that economists’ best guess of what the non-farm payrolls additions will be might be a bit on the light side.
...read full article on Proactive Investors
