As Economic News Picks Up, Markets Drift

By The Associated Press, Seattle Post-Intelligencer: Business
Wed, 10/01/2014 - 5:43am

Ahead of Friday's U.S. nonfarm payrolls report for September which often sets the market tone for a week or two after its release, traders have a raft of news to digest. ANALYST TAKE: "While no one report or indicator is perfect, the fact that ADP was not similarly weak is a positive development and should leave estimates roughly unchanged for monthly payroll gains," said Dan Greenhaus, chief strategist at BTIG. Though no change in policy is anticipated, there will be great interest in what ECB President Mario Draghi says about a possible monetary stimulus from the central bank following further weak inflation data. The foreign exchange markets are likely to be busy over the rest of the week given the number of potentially market-moving developments on the calendar. The contract dropped $3.41 on Tuesday to $91.16, pushed down by plentiful supplies and a rise in the U.S.

Topics: friday's u.s september analyst adp dan greenhaus btig ecb president mario draghi u.s news markets week weak report

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As Economic News Picks Up, Markets Drift

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